2505 15th Street, Panama City 32401 (Active)Request More Information | Share This Listing | Map This Property
|Property Type: Commercial Sale|
|MLS #:||900765||Price:||$4,950,000.00||Year Built:||1996||Square Feet:||27313||Bedrooms:||Not available||Bathrooms:||Not available|
|HOA Fees:||Not available||Lot Size:||2.92 acres||Lot Dimensions:||271 W X 447 D|
Subdivision: Not available
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.
|Income-Producing Year Built: 1996||Income-Producing Building Square Footage: 27313|
|Income-Producing Price/Square Foot: 181.23||Income-Producing Annual Gross Income: 480246||Income-Producing Expenses: 125604|
|Income-Producing Net Operating Income: 354483||Income-Producing Cap Rate: 7|
|Income-Producing Property Type: Office||Office Year Built: 1996||Office Building Square Footage: 27313||Office Unit Square Footage: 22758|
|Office Price/Square Foot: 181.23||Office Vacancy Rate: 0||Office Scheduled Income: 480246||Office Actual Gross Income: 480246||Office Expenses: 125604|
|Office Net Operating Income: 354893||Office Cap Rate: 7|
|Office Property Type: Low Rise||Office Number of Units: 3|
Here you can request more information about this listing or schedule a showing. Simply fill out this short form with your name, email address, and phone number (optional), as well as your question, and a response will be returned to you shortly.
Items marked with a red star (*) are required.
This listing provided courtesy of NBI Properties Inc.
This information was last updated on 11/29/2022 11:05:18 PM.
All information in this listing is approximate. Buyers are expected to verify any specific information prior to signing any contract. Neither Brandon Jordan, ERA American Real Estate, ECAR, nor any other Realtor is liable for any inaccuracies herein.
All listings are provided courtesy of the Emerald Coast Association of Realtors, copyright 2022. All rights reserved.