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2505 15Th Street

Panama City, FL 32401
  • $4,950,000
  • STATUS: Active
  • ON SITE: 109 Days
  • MLS #: 900765
UPDATED: 51 min ago
$4,950,000
  • 0
    BEDS
  • 2.92
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:
Bay
Area:

School Ratings & Info

Description

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.

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© 2022 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or 30a Beach Homes For Sale | Berkshire Hathaway HomeServices Beach Properties of Florida. Vendor Member number: 28178. Data last updated: 2022-09-27T06:59:43.88.
Vendor Member #28178.
www.30abeachhomesforsalesearch.com/homes/129695738
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2505 15Th Street Panama City, FL 32401

  • Price: $4,950,000
  • Status: Active
  • On Site: 109 Days
  • Updated: 51 min ago
  • MLS #: 900765
0
Beds
0
Baths
0
½ Baths
2.92
Acres
Neighborhood:
Bay County
County:
Bay
Area:
Bay County
Property Description
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.
Exterior Features

Lot Size Dimensions 271 W X 447 D

Property Features

Business Name Government Leased Building New Construction YN No Property Class Commercial Property Condition Existing Zoning Commercial

Listing courtesy of Nbi Properties Inc: (850) 243-0007.


© 2022 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or 30a Beach Homes For Sale | Berkshire Hathaway HomeServices Beach Properties of Florida. Vendor Member number: 28178. Data last updated: 2022-09-27T06:59:43.88.
Vendor Member #28178.
 
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