4001 W 23rd Street

    Panama City, FL 32405
    • $4,939,000
    • STATUS: Active
    • ON SITE: 10 days
    • MLS #: 690397
    UPDATED: 71 min ago
    $4,939,000
    • 0
      BEDS
    • 2.78
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2009
    County:
    Bay

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Comcast Building is a unique investment opportunity. This 27,300 sq ft center offers frontage on 23rd St, ample parking, and additional storage in the rear. Currently offered at 8.25% cap rate with NOI at +/- $408,000. Leases are NNN. Comcast occupies approximately 21,400 sq ft and just renewed this year for an additonal 5 year term. American Cancer Society is the 2nd tenant and occupied 3,900 sq. ft. The remaining 2000 sq ft of space is available for lease at $17/ft NNN. The building sustained virtually no damage from the hurricane with the exception of a fence at the rear of the property and the monument sign, which has already been replaced.

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    © 2019 Central Panhandle 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 Scenic Sotheby's International Realty. Data last updated: 2019-11-12T00:07:53.623.
    www.scenicsir.com/homes/100475655

    4001 W 23rd Street Panama City, FL 32405

    • Price: $4,939,000
    • Status: Active
    • Updated: 71 min ago
    • MLS #: 690397
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.78
    Acres
    2009
    Built
    Neighborhood:
    [No Recorded Subdiv]
    County:
    Bay
    Area:
    Bay County-Central
    Elementary School:
    Lucille Moore
    Middle School:
    Jinks
    High School:
    Income Producing
    Property Description
    Comcast Building is a unique investment opportunity. This 27,300 sq ft center offers frontage on 23rd St, ample parking, and additional storage in the rear. Currently offered at 8.25% cap rate with NOI at +/- $408,000. Leases are NNN. Comcast occupies approximately 21,400 sq ft and just renewed this year for an additonal 5 year term. American Cancer Society is the 2nd tenant and occupied 3,900 sq. ft. The remaining 2000 sq ft of space is available for lease at $17/ft NNN. The building sustained virtually no damage from the hurricane with the exception of a fence at the rear of the property and the monument sign, which has already been replaced.
    Exterior Features

    Construction Siding Floor - ConcreteSiding - StuccoSteel/Frame Construction Status Construction Complete

    Interior Features

    Sq Ft Total Building 27300.00

    Property Features

    Commercial Sale Sub Type Bay Community Resort None Financing CashConventional Hoa Fee No List Class Commercial Occupancy Status Occupied Present Zoning Commercial Sale Type As Is Utilities All Utilities

    Listing provided courtesy of Counts Real Estate Group Inc. Listing information © 2019 Central Panhandle Association of Realtors MLS.


    © 2019 Central Panhandle 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 Scenic Sotheby's International Realty. Data last updated: 2019-11-12T00:07:53.623.
     
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