$993,103 USD
574-270-0361
400 E 15th St
Panama City, FL 32405
Downtown Panama City
HIGHLIGHTS
- Prime Commercial Corridor: Situated on East 15th Street (U.S. Highway 98), a major east-west arterial road in Panama City
- Proximity to Major Retailers: Close to national retailers and service providers, enhancing customer traffic and business synergy
- High Traffic Counts: Benefiting from consistent vehicular traffic due to its location on a primary thoroughfare connecting residential and commercial
- Strong National Tenant: Classic Collision is a leading and rapidly growing auto body repair brand with a strong national presence.
- Private Equity Backed Tenant: Classic Collision was purchased by the 4th largest PE firm in the world, TPG in April of 2024.
- Corporate Guarantee NN+ Lease with ±9.75 Years of Term Remaining: The landlord responsibilities are limited to the Roof and Structure, Parking
FOR SALE DETAILS
PRICE
$993,103 USD
PRICE/SF
$127 USD /SF
CAP RATE
7.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
ADD'L SUBTYPES
Auto Dealership, Service Station, Service
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1997
SPRINKLERS
-
PARKING SPACES
25
LAND DETAILS
LAND ACRES
1.04 AC
LAND SF
45,215 SF
ZONING
GC 1
APN/PARCEL ID
16651-020-000
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
574-270-0361
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
574-270-0361
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
