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3702 E 3rd St
Panama City, FL 32401

$1,215,000 USD

Warehouse For Sale  •  8,008 SF

Property Details

  • Property Type Warehouse
  • Total Building Size 8,008 SF
  • Lot Size 1.75 AC
  • Building Class C
  • Year Built 1999
  • Cap Rate 7.66 %
  • Tenancy Single
  • Zoning MU
0 Transit Score
36 Walk Score

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
Cap Rate: 7.66 %

Major Tenants

Tenant SF Occupied Lease End Date
Taylor Sudden

Public Transportation

AirportDriveWalkDistance
Northwest Florida Beaches International 40 min - 26.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 4
Type: Surface
Included in Rent: Yes
Isaac Wulff 424-220-7245 Matthews Real Estate Investment Services
Isaac Wulff 424-220-7245 Matthews Real Estate Investment Services