$1,700,000
$1,825,000
6.8%For more information regarding the value of a property, please contact us for a free consultation.
3,200 SqFt
SOLD DATE : 06/30/2020
Key Details
Sold Price $1,700,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 3,200 sqft
Price per Sqft $531
Subdivision Lynn Haven Business Park
MLS Listing ID 692812
Sold Date 06/30/20
HOA Y/N No
Year Built 2005
Lot Size 2.160 Acres
Acres 2.16
Property 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
Location
State FL
County Bay
Area 02 - Bay County - Central
Interior
Heating Exhaust Fan, Other, See Remarks
Cooling Other, See Remarks, Central Air, Multi Units, Partial
Flooring Concrete
Fireplace No
Exterior
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Trash Collection, Underground Utilities, Water Available
Roof Type Metal
Accessibility Accessible Approach with Ramp, Accessible Doors, Accessible Entrance, Accessible Hallway(s)
Building
Lot Description Cleared, Corner Lot, Landscaped, Level
Story 1
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
Schools
Elementary Schools Deer Point
Middle Schools Mowat
High Schools Mosley
Others
Tax ID 11515-014-000
Security Features Fire Sprinkler System
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition Listed As-Is
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