2100 State Avenue, Panama City, FL 32405 (MLS# 720446)

2100 State Avenue, Panama City, FL 32405

$4,800,000

Property Type: Commercial for Sale Square Footage: 17,264 Lot Size (sq. ft.): 64,033 Status: Sold

Current Price: $4,800,000 List Date: 12/23/2021 Last Modified: 10/04/2024

Overview

Description

17264 square foot medical office building immediately adjacent to Gulf Coast Medical Center. The current tenant is Florida Cancer Affiliates / U.S. Oncology, which was acquired by McKesson (NYSE:MCK). Long-term lease. The seller is replacing the roof at seller’s expense. Current NOI = $349,956.

Listing Details MLS# 720446

Contract Info

List Price/SqFt: 278.04
Sub-Type: Office

Location

Area: 02 – Bay County – Central
Street #: 2100
Street Name: State
Street Suffix: Avenue
State: FL
Zip Code: 32405
County: Bay
Sub Area: 0203 – Bay – Central SW
Subdivision: No Named Subdivision
Community/Resort: None
Waterfront: No
Parcel ID: 14168-011-000
Elementary School: Northside
Middle School: Jinks
High School: Bay
Directions: State Avenue. Adjacent to Gulf Coast Medical Center.
Legal Description: Long legals – 2 parcels: 14168-011-000 and 14168-011-001

General Property Info

List Class: Commercial
Construction Status: Construction Complete
# of Units: 2
# of Stories in Building: Yes
Acreage: 1.47
SqFt HVAC: 17264
SqFt – Office: 17264
SqFt Tot Bldg: 17264
Year Built: 1991

Status Change Info

Under Contract Date: 2021-12-01
Sold Date: 2021-12-23
Sold Price/SqFt: 278.04
Sold Price/Acre: 3265306.12

Income Producing

Building SqFt: 17264
Net Operating Income: 349956

Listing Info, Tax and Legal

HOA Fee: No

More Information

Remarks & Misc

Remarks: 17264 square foot medical office building immediately adjacent to Gulf Coast Medical Center. The current tenant is Florida Cancer Affiliates / U.S. Oncology, which was acquired by McKesson (NYSE:MCK). Long-term lease. The seller is replacing the roof at seller's expense. Current NOI = $349,956.

Construction/Siding

Floor – Tile: Yes
Floor – W/W Carpet: Yes
Foundation – Slab on Grade: Yes
Steel/Frame: Yes
Roof – Metal: Yes
Roof – Sloping: Yes
Siding – Stucco: Yes

Energy

AC – 2 or More: Yes
AC – High Efficiency: Yes

Financing

Cash: Yes
Conventional: Yes

Present Zoning

City: Yes
Commercial: Yes

Utilities

All Utilities: Yes

Accessibility Features

Accessible Approach with Ramp: Yes

Sale Type

As Is: Yes

Floors in Unit/Home

One: Yes

Heating/Cooling

AC – Central: Yes
AC – Entire: Yes
Heat – HVAC: Yes

Offering Type

Sale with Lease: Yes

Transport. Access

2-Lane: Yes

Property Features

Accessibility Features: Accessible Approach with Ramp Energy: AC – 2 or More; AC – High Efficiency Financing: Cash; Conventional Offering Type: Sale with Lease Present Zoning: Commercial Sale Type: As Is Utilities: All Utilities

Listing Office: Counts Real Estate Group Inc

Last Updated: October – 04 – 2024

Information deemed reliable but not guaranteed.