1308 North Ferdon Blvd, Crestview, FL 32536 - Property for Sale
Available For Sale - Retail
71,382 SF
|
Show Pricing $
AVAILABILITY DETAILS
- Size
- 71,382 SF
- Price/SF
-
Show Pricing $
- Listing ID
- SA529015
- Notes
- The Cress Group is pleased to offer for sale, Crestview Market Place in Crestview, FL located at HWY 85 and North Ferdon Blvd. Crestview is one of the fastest growing cities in the United States for populations under 150,000. Of the 7 fastest growing cities in Florida, Crestview is the only one located in the panhandle region of Florida. Constructed in 1999 the shopping center has been a staple for the many residents of north Crestview who visit the property for their various shopping needs. The property consist of 71,000 sqft. of retail across 10.65 acres of land, has been anchored by Winn Dixie since the center was constructed and has maintained an occupancy of over 95% for the last decade, currently sitting at 98.3% occupied. Winn Dixie has maintained strong store sales even with Publix locating across the street in 2018.
With construction underway for the new Crestview bypass system, the current beginning/ending point for the bypass as currently planned will be the intersection of HWY 85 and North Ferdon Blvd giving the property increased exposure and access to the residents of Crestview. Crestview Market Place is located next to Crestview Highschool and Crestview Middle School.
The property currently has non-recourse financing placed which can be assumed for a 1% assumption fee. The debt matures in early 2027. Seller will also consider a loan payoff to provide property debt free.
- Uses
- Retail
Other Availability in this Property
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.
Listing provided courtesy of
Chad Hirn CCIM, The Cress Group
BRE# BR18342
Chad Hirn CCIM, The Cress Group
BRE# BR18342
