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Bayline Warehouses 2 Industrial Properties Offered at $7,889,000 in Panama City, FL
Investment Highlights
- 100% Occupied | Multi-Tenant, Multi-Building Industrial Project | New Long Term Tenants | Recent Renovations | Rent Escalations
- Part of Industrial Complex | Near Local Highway
- NNN | Fee Simple Ownership | Minimal Landlord Responsibilities
Executive Summary
• The subject property consists of two parcels totaling 7.00 acres and containing multiple industrial buildings totaling 60,960 SF
• The project is 100% occupied by four tenants
• The property has undergone $1,500,000 in recent renovations that include: new roof, new siding, new fencing, new offices and more
• The new tenant Oxford Technologies Corp. occupies approximately half of the project, consisting of two buildings and totaling 30,560 SF
• Oxford is on a new 5 year lease with expiration date in April 2030
• The tenant Intellistructure occupies a 22,000 SF building
• Intellistructure is on a five year lease that expires in Aug. 2027
• There are 2 tenants at 7001 Bayou George - Synergy and E.F.San Juan
• Synergy is on a 5 year lease
• All leases have annual escalations and most have options to renew
• The project is 100% occupied by four tenants
• The property has undergone $1,500,000 in recent renovations that include: new roof, new siding, new fencing, new offices and more
• The new tenant Oxford Technologies Corp. occupies approximately half of the project, consisting of two buildings and totaling 30,560 SF
• Oxford is on a new 5 year lease with expiration date in April 2030
• The tenant Intellistructure occupies a 22,000 SF building
• Intellistructure is on a five year lease that expires in Aug. 2027
• There are 2 tenants at 7001 Bayou George - Synergy and E.F.San Juan
• Synergy is on a 5 year lease
• All leases have annual escalations and most have options to renew
Property Facts
| Price | $7,889,000 | Number of Properties | 2 |
| Price / SF | $302.77 / SF | Individually For Sale | 0 |
| Cap Rate | 7.75% | Total Building Size | 26,056 SF |
| Sale Type | Investment NNN | Total Land Area | 9.51 AC |
| Status | Active |
| Price | $7,889,000 |
| Price / SF | $302.77 / SF |
| Cap Rate | 7.75% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 26,056 SF |
| Total Land Area | 9.51 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 7011 Bayou George Dr, Panama City, FL 32404 | Industrial | 23,056 SF | 2012 | - |
| 6511 Bay Line Dr, Panama City, FL 32404 | Industrial | 3,000 SF | 1990 | - |
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