Fort Walton Beach, Fla. — Marcus & Millichap has brokered the $9.5 million sale of Choctaw Plaza, a 97,171-square-foot shopping center located at 111 Racetrack Road N.W. in Fort Walton Beach.
The property’s tenant roster includes Big Lots, Dollar General, Rent A Center, Compass Bank, Coldwell Banker and U.S. and Florida government agencies. Marc Strauss and Al Palacios of Marcus & Millichap represented the seller, a partnership based in Destin, Fla., in the transaction. Cory Gross of Marcus & Millichap’s Denver office secured and represented the buyer, a limited liability company based in Syasset, N.Y.