Institutional Investment Property 100% Occupied with long tenant history. The subject property has been occupied by the State of Florida's Department of Children and Families and Department of Education since 2011 and 2014 respectively, along with ''National Coating Systems, Inc, who's lease began in 2018 and has a 5 Year Renewal beginning July 1, 2023 through June 2028.The net operating income for (YTD) 2021 was $345,000, and projected NOI for 2022 /23 is projected will reach $354,483.00.
- Price:
- $4,950,000
- Acreage:
- 2.92
- Listing ID #:
- 900765
- Street Address:
- 2505 15th St
- City:
- Panama City
- State:
- Florida
- Postal Code:
- 32401
- County:
- Bay
- Community:
- Bay County
- Subarea:
- Bay - Central Sw
- Listing Status:
- Pending
- Listing Type:
- Commercial
- Conforms To Zoning:
- Commercial
- Lot Size Front:
- 271.00
- Lot Size Side:
- 447.00
- Lot Square Footage:
- 121137.00
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By NBI Properties Inc
