3702 E 3rd St - Warehouse FOR SALE
Panama City, FL 32401 |
$1,215,000 USD
424-220-7245
3702 E 3rd St
Panama City, FL 32401
HIGHLIGHTS
- With nearly 100 years of history, the Taylor Group of Companies has 16 companies under its umbrella, and 1,807 employees worldwide.
- This lease provides rare 3.00% annual rent Increases providing advantageous and consistent cash flow to the owner.
- With a recently executed 5-Year Lease, this opportunity provides a long-term and passive investment with zero landlord responsibilities.
- Florida is one of nine states with no state income tax, contributing to the 6.85% population increase from the latest 2020 census.
- This investment is ±0.5 miles south of U.S. Highway 98, which connects Panama City to other major Gulf Coast cities. Along with proximity to Route 22
FOR SALE DETAILS
PRICE
$1,215,000 USD
PRICE/SF
$152 USD /SF
CAP RATE
7.66%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
TAYLOR POWER SYSTEMS
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1999
UTILITIES
-
CLEAR CEILING HT
22 Ft
DOCKS
1
DRIVE INS
1
PARKING SPACES
4
LAND DETAILS
LAND ACRES
1.75
LAND SF
76,230
ZONING
MU
APN/PARCEL ID
23472-000-000
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424-220-7245
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424-220-7245
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