48
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$4,850,000
$4,950,000 2.0%
Est. payment /mo
127,195 SqFt
Sold on 06/09/2023
2505 15Th ST Panama City, FL 32401
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Key Details
Sold Price $4,850,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 127,195 sqft
Price per Sqft $38
MLS Listing ID 900765
Lot Size 2.920 Acres
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.
Location
State FL
County Bay
Area 27 - Bay County
Zoning Commercial
Building
New Construction No
Listed by Dennis Fortenberry NBI Properties Inc
NEARBY SCHOOL & BUSINESS
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