NNN Panama City Warehouse

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
Last Updated: 2/17/2017

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

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

Attachments & Media



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
© Copyright My Florida Commercial Real Estate. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither My Florida Commercial Real Estate nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.