204 N Tyndall Pkwy Panama City, FL 32404

Listing agency Newmark | Chicago - 500 West Monroe St.

Listed by Andy Gallas · License #IL 475156024

Source Crexi

Added: Apr 11 Updated: Jul 20 at 8:51PM Checked: Jul 21 at 9:33AM

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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.

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

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FAQs

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