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1022 W 23rd Street - Hancock Center, Panama City, FL

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DetailMap
1022 W 23rd Street - Hancock Center

Panama City, FL 32405-3608


Property Type:Office Sub Type:- Status:Existing Year Built:2000
Stories:9 Typical Floor:- Building Size:96,646 SF
% Leased:
For Sale Price:$8,250,000 Price/SF:$85.36
Cap Rate:-
Smallest Space:3,037 SF Largest Space:11,960 SF Total Space Avail:29,832 SF Rent/SF/Yr:
$22.00
Parking:Free Surface spaces are available; Ratio of 3.31/1,000 SF Amenities:Restaurant


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 3rd
9,600 SF
$22.00/SF/Yr
Vacant
1-5 yrs
Office
 5th
3,455 SF
$22.00/SF/Yr
Vacant
1-5 yrs
Office
 5th
4,098 SF
$22.00/SF/Yr
Vacant
1-5 yrs
Office
 5th
4,407 SF
$22.00/SF/Yr
30 Days
1-5 yrs
Office
 6th
3,037 SF
$22.00/SF/Yr
Vacant
1-5 yrs
Office
 7th
5,235 SF
$22.00/SF/Yr
Vacant
1-5 yrs
Office
 
7773302
7773306
7773308
10780411
7773317
5210355
Floor Plan
  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
3rd
9,600 SF
$22.00/SF/Yr
Vacant
1-5 yrs
Office
5th
3,455 SF
$22.00/SF/Yr
Vacant
1-5 yrs
Office
5th
4,098 SF
$22.00/SF/Yr
Vacant
1-5 yrs
Office
5th
4,407 SF
$22.00/SF/Yr
30 Days
1-5 yrs
Office
6th
3,037 SF
$22.00/SF/Yr
Vacant
1-5 yrs
Office
7th
5,235 SF
$22.00/SF/Yr
Vacant
1-5 yrs
Office
Formerly the People's 1st Corporate Headquarters, The Hancock Center offers multiple office configurations and sizes to accomodate multiple tenants. Hancock Bank will continue to occupy the majority of the Building, but office space is available from 2,500 square feet up to an entire floor of +/- 10,400 square feet. The Community Board Room located on the first floor will be available to all tenants in the building for meetings or training at no additional cost. Friday's restaurant is also located on the first floor for lunch and dinner.

THE HANCOCK CENTER provides tremendous parking and easy access via two entrances on 23rd street, one to Stanford Road and another to Airport Road.

Sale Notes:
Hancock Center is a ±96,646 SF Class A office building in Panama City, FL. The Property features a strong tenant roster that includes Merrill Lynch, Hancock Bank, TGI Friday’s and IAP. Hancock Center is the premiere office building in Bay County and offers multiple office configurations & sizes to accommodate the most desirable tenants. The Property is located in the epicenter of Panama City's central business district on 23rd Street, between the signalized intersections of Stanford Road and Airport Road. Hancock Center provides ample parking and easy access via two entrances on 23rd Street, one to Stanford Road and another to Airport Road.

INVESTMENT HIGHLIGHTS:
- Strong tenant mix with long-term, stabilized leases
- One of the only Class A assets in this submarket
- Partial sale leaseback opportunity
- Easily accessible from US Hwy 98, main thoroughfare of the Florida Panhandle
- TGI Friday’s restaurant on site
- Offered well below replacement cost
- Property is delivered unencumbered by debt

Newmark Grubb Knight Frank
Michael Lohmann
(305) 350-0915

Scott Gordon
(305) 350-0915

Michael Lapointe
(305) 350-0915


Counts Real Estate Group Inc
Chris McCall
(850) 249-3623

Jason P Oakes
(850) 231-1483



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