Exchange at Crestview_Property for Sale
Exchange at Crestview_Property for Sale
6260 Old Bethel Road, Crestview, FL, 32536, US

Exchange at Crestview

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present Exchange at Crestview (the “Property”), a newly constructed 362-unit, Class-A+ multifamily asset in the rapidly growing Crestview market. Exchange at Crestview is a premier multifamily asset boasting one, two, and three bedroom units ranging in size from 754 to 1,311 square feet, with market-leading amenities and luxury finishes. The Property also offers 44 three-bedroom, 1,715 square foot townhome units, a unique floorplan in the market with sustained higher rents than comparable three-bedroom flats. Like the rest of Florida’s Panhandle, Crestview has experienced significant growth over the last four years. Tens of thousands of new residents have poured into this region due to the amazing quality of life, exponential job growth and access to Florida’s most pristine beaches. The Property’s convenient location provides easy access to Crestview’s and Okaloosa County’s major employment centers, including healthcare facilities and hospitals, industrial centers and military contractors and bases. Exchange at Crestview is also in the A-rated Okaloosa County Public School District, ranked as the third best in the entire state of Florida.

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Attributes

Number of units
362
Year built
2023
Building area net
27,871 m²
Building class
A

Media

Investment Highlights

Top School District

  • Okaloosa County ranks as the #3 school district in the State of Florida (Movoto).
  • Out of the 67 School Districts in Florida, Okaloosa County was one of 22 to earn an “A” grade by the Florida Department of Education in 2024.
  • Exchange at Crestview is zoned for Crestview High School, which ranks 9/10 on college readiness according to GreatSchools, with a 99% four-year graduation rate among its 2,300 students.
  • Exchange at Crestview is also zoned for Bob Sikes Elementary and Davidson Middle, which both scored above average on test scores and have a B+ rating from Niche.


Major Infrastructure Project

  • To reduce traffic along State Road 85 and US 90 through Crestview, the city, Okaloosa County and FDOT are constructing a ring road that will wrap around Crestview. The Southwest section, from SR 85 to US 90, using parts of PJ Adams Parkway and several miles of new road, is currently under construction, with the Northwest section currently in design.
  • The southwest section will feature a new interchange on I-10 with PJ Adams Parkway and will be a convenient, four-lane option for bypassing the traffic and businesses along SR 85 to the north and south of I-10.
  • The northwest section is currently in the design and planning stage, and will connect to Old Bethel Road, providing Exchange at Crestview residents with an easy, convenient route around town.


Nearby Schools and Retail

  • Exchange at Crestview is perfectly located for families, with Davidson Middle School located directly across the street and Crestview High School one mile to the south. Bob Sikes Elementary is also nearby, making taking kids to school a breeze, regardless of age.
  • Exchange at Crestview makes shopping easy, located less than three minutes from both Publix and Winn-Dixie-anchored shopping centers.
  • A new Walmart is also planned less than three minutes away from the Property, giving residents even more shopping options.
  • Historic Downtown Crestview is only 6 minutes away, offering a myriad of local restaurants and shops.


Unique Townhome Units

  • Exchange at Crestview offers 44 3x2.5 townhomes - a unique floorplan among similar communities in the area. No other complex in the market offers townhomes and a comparable amenity set to Exchange at Crestview.
  • Townhome units offer a unique amenity set, including attached garages, front and back porches and a split floor plan with downstairs primary bedroom.
  • Exchange at Crestview’s townhomes rent for $200/month more than the regular 3x2 units, a sizeable premium with room to grow due to their position in the market.


Market-Leading Amenity Set and High-End Unit Finishes

Exchange at Crestview 4_Property for Sale
Exchange at Crestview 4_Property for Sale

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Last updated
23 Oct 2024