48
See all 48 photos
$4,850,000
$4,950,000 2.0%
Est. payment /mo
27,313 SqFt
Sold on 06/09/2023
2505 15Th Street Panama City, FL 32401
GET MORE INFORMATION
We respect your privacy! Your information WILL NOT BE SHARED, SOLD, or RENTED to anyone, for any reason outside the course of normal real estate exchange. By submitting, you agree to our Terms of Use and Privacy Policy.
UPDATED:
Key Details
Sold Price $4,850,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 27,313 sqft
Price per Sqft $177
MLS Listing ID 900765
Year Built 1996
Lot Size 2.920 Acres
Property Sub-Type Office
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
Listed by NBI Properties Inc
Bought with NBI Properties Inc
Bought with NBI Properties Inc