Calkain Companies Brings 83,000+/- SF Booz Allen Hamilton Building to Market

Panama City Beach, FL, September 19, 2014 --(PR.com)-- Calkain Companies’ Stephen Counts, Associate Director, and Brian O’Hear, Director, have been named exclusive sales agents for the single tenant Booz Allen Hamilton building located in Panama City Beach, Florida. The 83,000+/- square foot property is located directly across from the NSA PC: Naval Support Activity Base, one of its large contracts, and features a new ten-year lease that commenced in 2012. Stephen Counts commented, “This offers an investor a great opportunity to buy an investment property with a higher yield in a time of limited supply and compressed cap rates. Additionally, Booz Allen Hamilton is a national company and brought in close to $6B in annual revenues last year.”

Booz Allen Hamilton is a United States based publicly traded company that provides management and technology consulting services to the U.S. government in the defense, intelligence and civil markets. In addition, it provides management and technology consulting services to corporations, institutions, and not-for-profit organizations. The property was originally a build-to-suit for ARINC Incorporated's Defense Systems Engineering and Support (DSES) division. On November 30, 2012, the Booz Allen Hamilton purchased the Defense Systems Engineering and Support (DSES) division of ARINC Incorporated for $154 Million. Booz Allen Hamilton is headquartered in McLean, Virginia, employs more than 23,000 people, and had revenue of $5.76 billion for the 12 months ended March 31, 2013.

Calkain Companies is a commercial real estate brokerage firm which specializes in assisting buyers and sellers with single and multi-tenant net leased properties through all aspects of the transaction including advisory, brokerage, debt placement, equity placement, asset management and research. While licensed to conduct business in many states, Calkain has multiple office locations throughout the Mid-Atlantic, Southeast, Northeast and Midwest. Additional information about the firm and listings may be found at www.calkain.com.