Bayline Warehouses Industrial FOR SALE


Panama City, FL
$7,889,000 USD
570-762-6075
, Panama City, FL for Sale
$7,889,000 USD
Industrial - FOR SALE
1/11
null | 7.75% Cap Rate

Bayline Warehouses
Panama City, FL


HIGHLIGHTS

  • 100% Occupied | Multi-Tenant, Multi-Building Industrial Project | New Long Term Tenants | Recent Renovations | Rent Escalations
  • NNN | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Part of Industrial Complex | Near Local Highway

OVERVIEW

• The subject property consists of two parcels totaling 7.00 acres and containing multiple industrial buildings totaling 60,960 SF • The project is 100% occupied by four tenants • The property has undergone $1,500,000 in recent renovations that include: new roof, new siding, new fencing, new offices and more • The new tenant Oxford Technologies Corp. occupies approximately half of the project, consisting of two buildings and totaling 30,560 SF • Oxford is on a new 5 year lease with expiration date in April 2030 • The tenant Intellistructure occupies a 22,000 SF building • Intellistructure is on a five year lease that expires in Aug. 2027 • There are 2 tenants at 7001 Bayou George - Synergy and E.F.San Juan • Synergy is on a 5 year lease • All leases have annual escalations and most have options to renew

ASK ABOUT THIS PROPERTY

Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

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Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.