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1312 Thomas Drive

Panama City Beach , FL 32408

MLS#: 729753

$750,000

Status: Closed
Listing number: 729753
Listing provided by: NAI TALCOR
Listing agent phone: None
Last update: 3 months ago
On site: 3 years ago
Browse Properties
No Named Subdivision - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1983

Sq.Footage

6,300

100% occupied Income Property for Sale. 1312 and 1314 Thomas Drive is comprised of two Office/Retail buildings with one at 2.400 SF and the other at 1,020 SF along with a Conditioned 2,880 SF warehouse, the subject property is centrally located across from the Navy Base and near the entrance to Patronis Elementary School. Well Round Cleaning and Staffing occupies the 2,400 SF building under a newly signed 5 year lease with escalations. The Seller as Aqua Pros Water Systems will lease back the 1,020 SF office building and 2,880 SF warehouse for up to 2 years. Current NOI $79,000. CAP Rate of 10.5%.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.6

  • Property Type

    Commercial Sale

  • Property Sub Type

    Office

Price

  • Sales Price

    $750,000

  • Zoning

    General Commercial

  • Sq. Footage

    6, 300

  • Price/SqFt

    $119

HOA

  • Association

    No

School District

  • Elementary School

    Patronis

  • Middle School

    Surfside

  • High School

    Arnold

Property Features

  • Sewer

    Public Sewer

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Location

County

Bay

Elementary School

Patronis

Middle School

Surfside

High School

Arnold

Listing Courtesy of Patrick E Jones , NAI TALCOR

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Agent Marilet Lancheros

AGENT

Marilet Lancheros

Call Marilet today to schedule a private showing.

(786) 503-4364

Marilet@gulflifego.com


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100% occupied Income Property for Sale. 1312 and 1314 Thomas Drive is comprised of two Office/Retail buildings with one at 2.400 SF and the other at 1,020 SF along with a Conditioned 2,880 SF warehouse, the subject property is centrally located across from the Navy Base and near the entrance to Patronis Elementary School. Well Round Cleaning and Staffing occupies the 2,400 SF building under a newly signed 5 year lease with escalations. The Seller as Aqua Pros Water Systems will lease back the 1,020 SF office building and 2,880 SF warehouse for up to 2 years. Current NOI $79,000. CAP Rate of 10.5%.

1312 Thomas Drive

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