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Listing Details

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Neighborhood
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Type
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Built
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School Information

Elementary School
Middle School
High School

Description

THE SELLERS HAVE DECIDED TO RETAIN THE BUILDING AND HAVE TAKEN IT OFF THE MARKET.---------------The Comcast Building offers a prime location on 23rd Street with credit tenants. Priced below replacement cost. This 27,300 sq. ft. center offers frontage on 23rd St, ample parking, and additional storage in the rear. Leases are triple-net. The Net Operating Income with the new leases is projected to be $434,000. Comcast has occupied 21,400 sq. ft. for over 12 years and renewed for an additional 5 years in 2019. Encompass Health recently signed a 5-year lease for 3,900 sq. ft. office (Suite C). Applied Technical Systems signed a 5-year lease for 2,000 sq. ft. (Suite B), which the tenant improvements are expected to be completed, rent commencement and occupancy by September 1st.

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© 2021 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: 2021-09-19T15:04:07.177.
www.scenicsir.com/homes/107637379
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4001 W 23rd Street Panama City, FL 32405

  • Price: $4,295,000
  • Status: Active
  • Updated: 61 min ago
  • MLS #: 699406
0
Beds
0
Baths
0
½ Baths
2.78
Acres
27,300
SQFT
$157
$/SQFT
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
THE SELLERS HAVE DECIDED TO RETAIN THE BUILDING AND HAVE TAKEN IT OFF THE MARKET.---------------The Comcast Building offers a prime location on 23rd Street with credit tenants. Priced below replacement cost. This 27,300 sq. ft. center offers frontage on 23rd St, ample parking, and additional storage in the rear. Leases are triple-net. The Net Operating Income with the new leases is projected to be $434,000. Comcast has occupied 21,400 sq. ft. for over 12 years and renewed for an additional 5 years in 2019. Encompass Health recently signed a 5-year lease for 3,900 sq. ft. office (Suite C). Applied Technical Systems signed a 5-year lease for 2,000 sq. ft. (Suite B), which the tenant improvements are expected to be completed, rent commencement and occupancy by September 1st.
Exterior Features

Construction Siding Clear SpanFloor - ConcreteRoof - MetalRoof - SlopingSiding - MetalSiding - StuccoSteel/Frame Construction Status Construction Complete Site Description Aerials AvailableRetention PondSite - PlanSurvey Transport Access 2-Lane5 Or More LanesCenter Turn LaneCounty RoadPaved

Interior Features

Accessibility Features Accessible Approach With RampAccessible EntranceAccessible Hallway(S)Accessible Kitchen Heating Cooling Ac - Hvac Sq Ft Total Building 27300.00

Property Features

Business Name The Comcast Building Commercial Features Aaa TenantFreestanding BuildingHandicapped AccessHandicapped FacilitiesKitchen AreaOffice AreaSign Commercial Sale Sub Type Bay Community Resort None Energy Ac - 2 Or MoreWater Heater - Electric Financing CashConventional Hoa Fee No List Class Commercial Occupancy Status Occupied Offering Type Real EstateSale With Lease Present Zoning CityCommercial Pricing Type Sale Price Sale Type As IsOther - See Remarks Utilities All Maintenance

Listing provided courtesy of Counts Real Estate Group Inc. Listing information © 2021 Central Panhandle Association of Realtors MLS.


© 2021 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: 2021-09-19T15:04:07.177.
 
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Scenic Sotheby's International Realty
3305 West County Highway 30A
Santa Rosa Beach FL, 32459