This Office Property is Off-Market.

106 Medical Center Drive
Panama City, FL 32405 ·

3,500 SF · Office For Sale

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Panama City Open MRI & Imaging

Price N/A Cap Rate 8%
Building Size 3,500 SF Tenancy Single
Property Type Office Year Built 2000
Property Sub-type Medical Office Lot Size 0.31 AC
Property Use Type Investment
Listing ID: 15253106 Date Created: 07/23/2007 Last Updated: 08/17/2007

Description

Panama City Open MRI & Imaging is a 3,500 square foot medical building located in Panama City, Florida. MedQuest, a subsidiary of MQ Associates, Inc., is one of the country's leading independent outpatient diagnostic imaging facility operators, with a network of more than 90 imaging centers in 13 states. Diagnostic imaging supports other health care practices by using Magnetic Resonance Imaging (MRI), Computed Tomography (CT), X-Ray, nuclear medicine and ultrasound technology to identify and diagnose a broad range of medical conditions. In most cases, the cost of a procedure in a MedQuest facility is substantially lower than the cost of obtaining the same test in a hospital environment. MedQuest tailors its services to the unique needs of each local market, resulting in an exclusive collection of diagnostic imaging facilities that offer the highest standard of service to the patients and referring physicians in a given community. Panama City Open MRI & Imaging is conveniently located near Gulf Coast Medical Center. Other hospitals in the area include Bay Medical Center and Health South Emerald Coast Rehab Hospital.

Panama City, the largest city between Pensacola and Tallahassee, is located along U.S. Highway 98 in Bay County, Florida. Panama City has 27 miles of beaches and boasts a moderate climate attributed to the warm waters of the Gulf of Mexico and cool sea breezes. The city's population had grown to 37,188, according to Census Bureau estimates. It is the county seat of Bay County and is located just east of the vacation destination of Panama City Beach. Snorkeling, diving, fishing and boating are just a few of the activities available along the coasts of Bay County. Major employers in the Bay County area include Tyndall Air Force Base (located east of the city), the Coastal Systems Station-Naval Surface Warfare Center, Gulf Power, Arizona Chemical, Stone Container, and Berg Pipe. Gulf Coast Community College and a satellite campus of Florida State University offer numerous educational opportunities. In 2006, Panama City was named the best place to invest in real estate in the U.S. by CNN's Business 2.0 magazine.

Highlights

  • Long Term Lease with Multiple Options
  • Annual Rent Increases Starting in 2009
  • Guaranteed by MQ Associates, Inc.
  • Tenant Network of Over 90 Locations
  • Facility Offers MRI, CT, X-Ray, Nuclear Medicine & Ultrasound Testing
  • Near Gulf Coast Medical Center

Research

106 Medical Center Drive, Panama City, FL 32405 (Bay County)

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