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189 Eglin Pky NE
Fort Walton Beach, FL 32548
Bank of America Multi-Tenant · Office Property For Sale
Investment Highlights
- Investment Grade Credit Tenant – Bank of America occupies 51% of the building and holds investment grade-rated credit S&P: A-
- Strong Deposit Growth – The branch deposits at this location have increased 211% in the past 5 years
- Dense Retail Corridor – The property benefits from an affluent retail corridor with tenants such as Winn-Dixie, Ross, Starbucks, and McDonald’s.
- ?Excellent Branch Deposits – This branch holds $238,363,000 in deposits; ranking 2nd out of 10 bank branches in the zip code
- Hard Corner Location with 2.04 AC Lot – Prime redevelopment potential located on a signalized hard corner with a 2.04 AC lot
- Recent Lease Renewal – Carr, Riggs & Ingram CPAs and Advisors occupies 49% of the building and just renewed their lease for another 5 years
Property Facts
Property Type
Building Size
11,757 SF
Building Class
C
Year Built
1969
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
11,757 SF
Building FAR
0.13
Lot Size
2.04 AC
Parking
103 Spaces (8.76 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 12-2S-24-0460-0010-0020 | Improvements Assessment | $1,129,799 |
| Land Assessment | $650,961 | Total Assessment | $1,780,760 |
Property Taxes
Parcel Number
12-2S-24-0460-0010-0020
Land Assessment
$650,961
Improvements Assessment
$1,129,799
Total Assessment
$1,780,760
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