Stealth 45 Properties Sells Fort Walton Beach Office For $9.2M
SOLD
Florida
See Similar DealsOffice30,344 SF
Sold 09/20/2022
SOLD
Stealth 45 Properties Sells Fort Walton Beach Office For $9.2M
45 Eglin Pkwy 3, Fort Walton Beach, Florida 32548, United States
See Similar DealsOffice30,344 SF
Sold 09/20/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$303
Total Square Footage:30,344 SF
Transaction Type:Sale
An office property located at 45 Eglin Parkway in Fort Walton Beach has been sold for a price of $9,200,000. The property spans a total area of 30,344 square feet, resulting in a price per square foot of $303. The transaction took place on 09/20/2022.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $9,200,000
- Address: 45 Eglin Parkway, Fort Walton Beach
- Market: Fort Walton Beach
The seller of the property was Stealth 45 Properties, LLC. Representing the seller in this transaction were Frank Roti, Brett Rodgers, and Alex Sacks from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$490,666.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,685.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,612.69
Annual Debt Service$523,352.32
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