Coldwell Banker/Carroll Realty
April Davis, Coldwell Banker/Carroll RealtyPhone: (850) 774-7221
Email: [email protected]

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listing
1 of 22
Commercial
$4,295,000
4001 W 23rd Street W
Panama City, FL 32405
Listing Office: Counts Real Estate Group Inc
MLS: Central Panhandle
Est. Mortgage
$22,270/mo

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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Information courtesy of Counts Real Estate Group Inc is subject to verification and is not guaranteed.
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