2505 15Th Street

Panama City, FL 32401 | No submarkets found in this County.

$5,310,000

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0 acres

Listing Courtesy of

Craig Barrett

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.

Property Details

Property Type Office Status Active MLS # 30803880

structure

Total Baths 0

characteristics

lot size units acres

contract

listing terms Cash to Seller

compensation

Non-Rep Comp. 0
The buyer agent compensation offered only applies to participants and data share participants of the Gulf Coast CMLS.