Medical Office Building

Office for Sale
Catylist Listing ID: 30096948
Property Subtypes: Medical
Building Size (RSF): 21,200 SF
Gross Building Area: See Agent
Gross Land Area: 1.16 Acres
Sale Price: $5,800,000
Unit Price: $273.58 PSF
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 8.77%
Last Updated: 7/24/2017

Overview / Comments

NNN Investment - Medical Office Building with a single Credit tenant
with a long term lease. Located just over a mile to Gulf Coast Medical
Center, in the center of Panama City with easy access to Highway 98,
23rd Street, Highway 77 and Hwy 231.

Additional Details

Nearest MSA: Panama City
County: Bay
Tax ID/APN: 13784-040-000
Zoning: PC09
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 9,371 SF
Year Built: 2005
Year Renovated: 2016
Parking Ratio: 3 (per 1000 SF)
Parking Type: Surface

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,408 46,152 88,494
Median Age: 42.25 40.88 39.88
Households: 3,573 19,869 36,596
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