703 W 15th St | 703 W 15th St
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703 W 15th St 703 W 15th St
47,000 SF 79% Leased Office Building Panama City, FL 32401 $5,500,000 ($117/SF)
Executive Summary
2 buildings totaling 47,000 SF sitting on 3.35 acres at a major intersection, 1st building is 34,000 SF with 2 long term tenants, one being a GSA tenant, the rear building is 13,000 SF with 3 dock high rollup doors, one vacancy in the main building of 6000 SF, recently renovated, new plumbing, wiring, new roof etc
Located at the corner of 15th Streey (98) and Florida Ave
Located at the corner of 15th Streey (98) and Florida Ave
Financial Summary (Actual - 2021) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$87,000
|
$1.85
|
Financial Summary (Actual - 2021)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $87,000 |
| Annual Per SF | $1.85 |
Property Facts Under Contract
Sale Type
Investment
Property Type
Office
Building Size
47,000 SF
Building Class
C
Year Built
1960
Price
$5,500,000
Price Per SF
$117
Percent Leased
79%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
47,000 SF
Building FAR
0.61
Land Acres
1.78 AC
Opportunity Zone
Yes
Zoning
GC 1
Parking
155 Spaces (4.6 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste Space 1 | 10,000 SF | Office | - | Now |
1st Fl-Ste Space 1
| Size |
| 10,000 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1 of 3
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1st Fl-Ste Space 1
| Size | 10,000 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
1 of 1
-
Craig Barrett -
NBI Properties, Inc.
1 of 9
VIDEOS
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1 of 1
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703 W 15th St | 703 W 15th St
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