Government-Leased Office
For Sale
Contact for pricing
Pending
204 N Tyndall Pkwy, Panama City, FL 32404
Single-tenant parole office with State of Florida lease guarantee and 2023 expansion.
Property SizeContact for details
Days on Market122
Property Features for 204 N Tyndall Pkwy
General Information
Standard status
Pending
Property subtype
Office
Occupancy
100%
Building Details
Year Renovated
2013
Tenancy
Single
Listing Agency:
Newmark | Chicago - 500 West Monroe St.
Listed By:
Andy Gallas · License #IL 475156024
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 9 at 10:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark | Chicago - 500 West Monroe St.
Investment Insights
Based on property information with market context.
This government leased office building operates as a Parole Office. The property was a renovate-to-suit project completed in 2013 for the Florida Department of Corrections, and the tenant has since renewed the lease for an additional 10 years in 2021. In 2023, the tenant expanded by 1,400 square feet and now occupies 100% of the building.
The lease is guaranteed by the State of Florida, which is described as investment grade with AAA (Standard & Poor’s) and Aa1 (Moody’s) ratings. The lease is subject to a standard State of Florida appropriations clause.
The lease is guaranteed by the State of Florida, which is described as investment grade with AAA (Standard & Poor’s) and Aa1 (Moody’s) ratings. The lease is subject to a standard State of Florida appropriations clause.
Key Highlights
- Single‑tenant parole office at 204 North Tyndall Parkway, Panama City, FL 32404
- Lease guaranteed by the State of Florida with AAA (S&P) and Aa1 (Moody’s) ratings
- Tenant renewed the lease for an additional 10 years in 2021
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
427
Businesses Nearby
Explore this area
Business Placement
Demographics for 32404, FL
38,186
Population
18,053
Households
2.1
Avg Household Size
40
Median Age
21%
College-Educated
87%
High-School Grad
135.1 sq mi
ZIP Area
283
Density / Sq Mi
$72,208
Median Household Income
$38,701
Median Earnings
$1,355
Median Rent
$239,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Single-tenant parole office with State of Florida lease guarantee and 2023 expansion.
Where is this office building located?
The property is located at 204 N Tyndall Pkwy Panama City, FL.
What are key features of this property?
This property features: Single‑tenant parole office at 204 North Tyndall Parkway, Panama City, FL 32404; Lease guaranteed by the State of Florida with AAA (S&P) and Aa1 (Moody’s) ratings; Tenant renewed the lease for an additional 10 years in 2021
