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About
About Estates at Palm Bay
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 300-unit, Estates at Palm Bay apartment community located in Fort Walton Beach, Florida. The Florida Panhandle boasts a stable military backbone, with Eglin Air Force Base and Hurlburt Field (30,000+ jobs total) within 15 minutes of Estates at Palm Bay. The community boasts high visibility and access off Martin Luther King Jr Blvd (29K+ VPD), a major arterial corridor in Fort Walton Beach that connects with some of the area’s top employers. Built in 1992, Estates at Palm Bay offers the investor an asset with massive floorplans, home-like amenities, and strong property performance. The property currently operates under a ground lease set to expire in 2066 that has high renewal potential.
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