Medical Office Building - Panama City, FL

1212 W 19th
Panama City, FL 32405
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Sale Overview

Price:$5,800,000
Building Size:21,200 SF
Property Type:Office
Total Lot Size:1.156 Acres
Year Built:2005
Cap Rate:8.77%
NOI:$508,800

Highlights

  • NNN Investment - Medical Office Building.
  • 1.3 miles from Gulf Coast Medical Center in the center of Panama City.
  • Regional tenant - 10-year lease with escalations and option to renew.
  • 1.2-acre lot with ample parking.

Description

NNN Investment - Medical Office Building with a single excellent regional tenant with 3 locations and a long term lease. Located just over a mile to Gulf Coast Medical Center, in the center of Panama City with easy access to Highway 98, 23rd Street, Highway 77 and Hwy 231.

Location

The building is located in the center of Panama City with easy access to Highway 98, 23rd Street, Highway 77 and Hwy 231. 1.3 miles to Gulf Coast Medical Center.

Contact Broker

SquareGail Bowden
Senior Commercial Real Estate Advisor
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Documents


Website file type buildoutOffering Memorandum
Updated about 1 month ago