East Bay Flats

About East Bay Flats

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of East Bay Flats, a 270-unit, 2022-built apartment community located in the booming Panama City MSA – Parker, FL. The property is situated in the Panama City, Florida, MSA, which has experienced 17%+ market rent growth in the past five years, and offers residents a luxury, beachside living experience in close proximity to all of Panama City’s premier lifestyle amenities. The area is home to some of the nicest beaches in the U.S. which has continued to drive strong population and rent growth, respectively. East Bay Flats is now 94% occupied and 98% leased. This asset offers the next investor unmatched amenities and finishes in the marketplace. The property is expected to be approved in the near future for the Live Local tax exemption on 72 units, providing massive tax savings for the next investor.