Listed by NAI TALCOR - West FL Office, NAI TALCOR - Tallahassee
$4,000,000
Fully Leased Office Investment | 8.63% Cap | Panama City, FL
Details
APN 13016-122-000
Property Type Office, Special Purpose
Sub Type Traditional Office, Executive Office
Square Footage 22,000
Tenancy Vacant
Lease Type Gross
Price per SqFt $182
Class B
Year Built 2007
Stories 1
Acreage 2.680
Long Term Leases in Place Located off busy Corridor in Panama City
Marketing description
2420 Jenks Avenue offers investors the opportunity to acquire a fully leased commercial property in Panama City, Florida. The asset consists of approximately ±22,000 square feet across three buildings situated on two parcels (Bay County Parcel ID's 13016-122-000 and 13016-122-070).
The improvements include two buildings totaling ±8,000 RSF each and one building of approximately ±6,000 RSF. The property is currently 100% leased, providing immediate in-place income.
Recent capital improvements include new roofs installed in 2022. The property is being offered at an 8.63% cap rate and owner financing is available.
2420 Jenks Avenue is located in a well-established commercial corridor in Panama City with convenient access to surrounding business districts and major transportation routes.
Investment highlights
+/- 22,000 sf
Bay County Parcel Id's: 13016-122-000 & 13016-122-070
100% Leased
2 buildings of 8,000 rsf
1 building of 6,000 rsf
New roofs installed in 2022
Owner financing available
8.63% cap rate
Listing Contacts
Listed by NAI TALCOR - West FL Office, NAI TALCOR - Tallahassee
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