100 Aberdeen Loop, Panama City, FL 32405
$1,700,000
Property Type:
Commercial for Sale
Square Footage:
21,250
Lot Size (sq. ft.):
94,090
Status:
Sold
Current Price:
$1,825,000
List Date:
2/19/2020
Last Modified:
10/04/2024
Description
Investment opportunity with 2020 Net Operating Income of $145,128 = 8% cap rate! Currently leased to Jensen USA who recently signed a 3-year lease renewal. 21,250 sq. ft. building with 2.16 acres in Lynn Haven Commerce Park. The building includes warehouse, office, and showroom space. The showroom and office space measures +/-3,200 sq. ft. with large showroom, 3 offices, break room, ADA restrooms and large training area. The ceiling height is 20 ft. clear at the eaves and 23 ft. at the center-line. Two dock-height doors approx. 8′ x 9′ each and one 14′ x 14′ street-level door. Building is concrete block and steel frame. Minor damage from Hurricane Michael that has been repaired. The seller has replaced the steel awning over the dock-height loading well. The 5 light poles & LED lights 2/2
More Information MLS# 692812
Contract Info
List Price/SqFt: 85.88
List Date: 2020-01-13
List Price: $1,825,000
Current Price: $1,700,000
Sub-Type: Income Producing
Location
Sub Area: 0201 – Bay – Central NE
Community/Resort: None
Waterfront: No
Elementary School: Deer Point
Middle School: Mowat
High School: Mosley
Section: 14
Directions: Highway 389 north toward Lynn Haven. Right on Aberdeen Parkway. Property located at the southwest corner of Aberdeen Parkway and Aberdeen Loop in the Lynn Haven Commerce Park adjacent to Trane. Alternate access to the Commerce Park off Highway 390, east of Highway 389 and west of U.S. Highway 231, via Carla Lane.
Township: 3S
Range: 14W
Area: 02 – Bay County – Central
Street #: 100
Street Name: Aberdeen
Street Suffix: Loop
State: FL
Zip Code: 32405
County: Bay
Subdivision: Lynn Haven Business Park
Parcel ID: 11515-014-000
Legal Description: 14 3S 14W -1.1D- 116B ST AND BAY DEV CO COM AT SW COR LOT 39 E 120′ FOR POB TH CONT E 387′ N 245′ W 338.83′ SWLY 70.10 S 195.79′ TO POB BEING PART OF LOT 39 SUBJ TO ESMT IN ORB2630 P571 ORB 1742 P 1713 ORB 2292 P 1952 ORB 2520 P 795
General Property Info
List Class: Industrial
Site Dimensions: 2.16 Acres
Acreage: 2.16
Immediate Occupancy: No
Construction Status: Construction Complete
# of Units: 1
SqFt Unit: 21250
SqFt HVAC: 3200
SqFt – Office: 3200
# of Stories in Building: 1
SqFt – Warehouse: 18050
SqFt Tot Bldg: 21250
Ceiling Height: 20
Year Built: 2005
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: Investment opportunity with 2020 Net Operating Income of $145,128 = 8% cap rate! Currently leased to Jensen USA who recently signed a 3-year lease renewal. 21,250 sq. ft. building with 2.16 acres in Lynn Haven Commerce Park. The building includes warehouse, office, and showroom space. The showroom and office space measures +/-3,200 sq. ft. with large showroom, 3 offices, break room, ADA restrooms and large training area. The ceiling height is 20 ft. clear at the eaves and 23 ft. at the center-line. Two dock-height doors approx. 8′ x 9′ each and one 14′ x 14′ street-level door. Building is concrete block and steel frame. Minor damage from Hurricane Michael that has been repaired. The seller has replaced the steel awning over the dock-height loading well. The 5 light poles & LED lights 2/2
Status Change Info
Sold Price/SqFt: 80
Sold Price/Acre: 787037.04
Status: Sold
Under Contract Date: 2020-06-02
Sold Date: 2020-06-30
Sold Price: $1,700,000
Construction/Siding
Block: 1
Clear Span: 1
Clearance Height 18+ Ft: 1
Floor – Concrete: 1
Foundation – Slab on Grade: 1
Roof – Metal: 1
Roof – Sloping: 1
Siding – Metal: 1
Energy
AC – 2 or More: 1
Financing
Cash: 1
Conventional: 1
Present Zoning
City: 1
Industrial Light: 1
Utilities
All Utilities: 1
TV Cable: 1
Electricity – Connected: 1
Electric 220/240: 1
Electric-3 Phase: 1
Garbage: 1
Natural Gas – Available: 1
Phone – Connected: 1
Public Sewer – Connected: 1
Water Connected: 1
Underground Utilities: 1
Accessibility Features
Accessible Approach with Ramp: 1
Accessible Doors: 1
Accessible Entrance: 1
Accessible Hallway(s): 1
Sale Type
As Is: 1
Business/Property
Freestanding Building: 1
Furnished – None: 1
Handicapped Access: 1
Handicapped Facilities: 1
Kitchen Area: 1
Office Area: 1
Restrooms – Private: 1
Restrooms – Public: 1
Sign: 1
Floors in Unit/Home
One: 1
Heating/Cooling
AC – Central: 1
AC – Office: 1
AC – Partial: 1
Exhaust Fan: 1
Other – See Remarks: 1
Industrial
# Ground Level Doors: 1
# Dock High Doors: 2
Building SqFt: 21250
Sprinklers?: Yes
Rail?: No
Office SqFt: 3200
Year Built: 2005
Property Type: Warehouse
Cap Rate: 8.08
Income Producing
Year Built: 2005
Building SqFt: 21250
Price P/SqFt: 85.88
Net Operating Income: 145128
Cap Rate: 8.08
Property Type: Industrial
Offering Type
Real Estate: 1
Sale or Lease: 1
Sale with Lease: 1
Other – See Remarks: 1
Pricing Type
Sale Price: 1
Site Description
Aerials Available: 1
Cleared: 1
Corner Location: 1
Covenant: 1
Deed Restriction: 1
Landscaped: 1
Level: 1
Survey: 1
Transport. Access
2-Lane: 1
City Road: 1
Paved: 1
Property Features
Accessibility Features: Accessible Approach with Ramp; Accessible Doors; Accessible Entrance; Accessible Hallway(s)
Energy: AC – 2 or More
Financing: Cash; Conventional
Offering Type: Real Estate; Sale or Lease; Sale with Lease; Other – See Remarks
Pricing Type: Sale Price
Present Zoning: Industrial Light
Sale Type: As Is
Site Description: Aerials Available; Cleared; Corner Location; Covenant; Deed Restriction; Landscaped; Level; Survey
Utilities: All Utilities; Electricity – Connected; Electric 220/240; Electric-3 Phase; Garbage; Natural Gas – Available; Phone – Connected; Public Sewer – Connected; Water Connected; TV Cable; Underground Utilities
Listing Office:
Counts Real Estate Group Inc
Last Updated: October – 04 – 2024
Information deemed reliable but not guaranteed.