Stealth 45 Properties Sells Fort Walton Beach Office For $9.2M
45 Eglin Pkwy 3, Fort Walton Beach, Florida 32548, United States
$9,200,000
$303/SF
Building Size
30,344 SF
Asset Type
Office
Closing
Sep 19, 2022
About this deal
AI
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.
Players
Fort Walton Beach Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93