Multi-Parcel Industrial
3311 Gulf Breeze Parkway, Gulf Breeze, FL 32563
For Sale
Contact for pricing
Five parcels combine industrial and office buildings with two outdoor storage sites.
Property Size36,311 SF
Lot Size4.14 Acres
Price / SF$152.56
Days on Market8
Property Features for 3311 Gulf Breeze Parkway
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Additional Details
Outdoor Storage
Tenant in Place
Property Use
Building Details
Tenancy
Listing Agency:
CBRE - Atlanta
Listed By:
Brian Pfohl · License GA #349355
(404) 504-7893
Source:
Crexi
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 10 at 7:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Atlanta
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Investment Insights
Based on property information with market context.
The offering comprises five parcels with a combined 4.14 acres and 36,311 square feet of industrial and office buildings. Two additional parcels are designated for industrial outdoor storage. The properties are fully leased to GridSource Incorporated, LLC through four leases, with approximately 6.7 years remaining and annual rent increases of 3%.
Key Highlights
- Five‑parcel offering totals 4.14 acres
- 36,311 SF of industrial and office buildings, plus two industrial outdoor storage parcels
- 100% leased to GridSource Incorporated, LLC under four leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$179,274
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,585,480
$3.6M
Cap Rate 7%
$2,561,057
$2.6M
Cap Rate 9%
$1,991,933
$2.0M
Market Conditions
NOI Build-Up for 36,311 SF
Gross rent
$270.2K $7.44/SF
− Vacancy
−$14.0K −$0.39/SF
EGI
$256.1K $7.05/SF
− OpEx
−$76.8K −$2.12/SF
NOI
$179.3K $4.94/SF
Area
Santa Rosa County, FL
Vacancy
5.20%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,585,480
Cap Rate 7%
$2,561,057
Cap Rate 9%
$1,991,933
Alternative Uses
Best Use
Industrial
$2.56M
$2.24M – $2.99M
NOI $179,274 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.94M
$7.82M – $10.43M
NOI $625,885 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
Explore this area
Business Placement
Demographics for 32563, FL
27,329
Population
12,883
Households
2.1
Avg Household Size
43
Median Age
40%
College-Educated
95%
High-School Grad
16.6 sq mi
ZIP Area
1,646
Density / Sq Mi
$97,139
Median Household Income
$41,647
Median Earnings
$1,692
Median Rent
$362,500
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Industrial property - Five parcels combine industrial and office buildings with two outdoor storage sites.
Where is this industrial property located?
The property is located at 3311 Gulf Breeze Parkway Gulf Breeze, FL.
What is the asking price?
The asking price for this property is $5,539,659.
What are key features of this property?
This property features: Five‑parcel offering totals 4.14 acres; 36,311 SF of industrial and office buildings, plus two industrial outdoor storage parcels; 100% leased to GridSource Incorporated, LLC under four leases
