NNN Panama City Warehouse

Withdrawn Industrial for Sale
Catylist Listing ID: 29968079
Property Subtypes: Warehouse/Distribution
Building Size (RSF): 27,040 SF
Gross Land Area: 1.28 Acres
Sale Price: $2,028,000
Unit Price: $75 PSF
Ceiling: 24 ft.
Docks/Doors: 5 Docks, 1 Door
Property Use Type: Net Leased Investment (NNN)
Building Name: Panama City- NNN Investment Warehouse
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Withdrawn On: 5/18/2017
Last Updated: 5/18/2017

Overview / Comments

Panama City Warehouse Investment with long standing Credit Tenant Leaseback. Long term guaranteed Lease with escalations.

• -NNN Investment
• -Owner Leaseback
• -Tenant has excellent reputation and contracts
• -3% escalations/year

Attachments & Media

Additional Details

Nearest MSA: Panama City
County: Bay
Taxing Authority: 03S
Tax ID/APN: 13834-000-000
Market Type: Medium
Property Located Between: W17th and W19th Streets
Road Type: Paved
Area Description: Panama City, Florida
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1968
Year Renovated: 2000
Exterior Description: Metal
Parking Type: Surface
Overhead Cranes: Undisclosed
Lot Frontage: 294
Lot Depth: 219
Legal Description: 31 3S 14W -50.2- 91C3 OLD 54A BEG NE COR FRANKFORD AVE & 17TH ST TH NLY 200' ELY 280' M/L SLY 200' W 280' TO POB ORB 1188 P 1919

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,329 37,975 82,596
Median Age: 38.85 42 39.83
Households: 3,156 16,575 34,433
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