$4,950,000
Sold

2505 15Th Street

Panama City, FL 32401
#900765
Browse 48 photos
Type:Purchase
Structure:Land
Zone:Residential

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
      • Pool1
    • Measurements
      • Lot Size271 W X 447 D
  • Construction Details
      • Property TypePurchase
  • Other
      • MLS #900765

Location

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Last Updated: . Source: ECAR

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