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4001 W 23rd Street, Panama City
Comcast Building is a unique investment opportunity. This 27,300 sq ft center offers frontage on 23rd St, ample parking, and additional storage in the rear. Currently offered at 8.25% cap rate with NOI at +/- $408,000. Leases are NNN. Comcast occupies approximately 21,400 sq ft and just renewed this year for an additonal 5 year term. American Cancer Society is the 2nd tenant and occupied 3,900 sq. ft. The remaining 2000 sq ft of space is available for lease at $17/ft NNN. The building sustained virtually no damage from the hurricane with the exception of a fence at the rear of the property and the monument sign, which has already been replaced.
- MLS® #690397
- Square Footage27,300
- Year Built2009
- TypeCommercial Sales
- Sub-TypeIncome Producing
- UtilitiesAll Utilities
- ElementaryLucille Moore
- Listing OfficeCounts Real Estate Group Inc
- Address4001 W 23rd Street
- Area02 - Bay County - Central
- Subdivision[No Recorded Subdiv]
- CityPanama City
- Zip Code32405
- ConstructionFloor - Concrete, Siding - Stucco, Steel/Frame
- Date ListedNovember 1st, 2019
- Days on Market82
DISCLAIMER: IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Source: Bay County Association Of REALTORS® Multiple Listing Service