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45 Eglin Pkwy 3, Fort Walto...

Stealth 45 Properties Sells Fort Walton Beach Office For $9.2M
SOLDOffice

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

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

Alex Sacks

Marcus & Millichap

Broker

$49.2M

vol

6 deals

Broker

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