TSCG Represents Seller In Sale Of Publix-Anchored Retail Center In Fort Walton Beach For $8.4M

The Shoppes at Paradise Pointe, located at 250 Miracle Strip Parkway in Fort Walton Beach, FL, is a retail asset that has been sold for a total of $8,400,000. The property encompasses 73,416 square feet and has a price per square foot of $114. The shopping center is anchored by a Publix and includes two outparcels occupied by Waffle House and Beach Liquors, with over 80% occupancy at the time of sale.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $8,400,000
• Square Footage: 73,416
• Address: 250 Miracle Strip Parkway
• Market: Fort Walton Beach, FL
• Price Per Square Foot: $114
• Broker: Anthony Blanco - TSCG (The Shopping Center Group)

TSCG represented the seller in this transaction, facilitating the sale of the shopping center which includes popular dining and retail establishments. The deal reflects a strategic move in the Fort Walton Beach retail market, with active engagement from key industry representatives.