The Comcast Building

Office

4001 W 23rd St, Panama CityFL 32405

Property Details

Location

Address
4001 W 23rd St, Panama CityFL 32405
County
Bay
Submarket
Parcels
27999-040-000

Building Size

Building Size
27,300 SF
Rentable Space
27,300 SF

Building Details

Type
 Office
Number of Buildings
Occupancy Type
Multi-tenant
Percent Occupied
Building Class
B
Building Status
Existing
Floors
Year Built
2009
Year Renovated
2021
Sprinklers
Parking Ratio

Land & Utilities

Land (Acres)
0.01 Acres
Land (SF)
436 SF
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
GENERAL COMMERCIAL, CITY OF PANAMA CITY
Lot Depth
Lot Width

Contacts

Current Listings

Comcast Building #699406

27,300 SF$4,295,000
Cap Rate: 10.1%

The Comcast Building offers a prime location on 23rd Street with credit tenants. Priced below replacement cost. This 27,300 sq. ft. center offers frontage on 23rd St, ample parking, and additional storage in the rear. Leases are triple-net. The Net Operating Income with the new leases is projected to be $434,000. Comcast has occupied 21,400 sq. ft. for over 12 years and renewed for an additional 5 years in 2019. Encompass Health recently signed a 5-year lease for 3,900 sq. ft. office (Suite C). Applied Technical Systems signed a 5-year lease for 2,000 sq. ft. (Suite B), which the tenant improvements are expected to be completed by May 1st.

The Comcast Building offers a prime location on 23rd Street with credit tenants. Priced below replacement cost. This 27,300 sq. ft. center offers frontage on 23rd St, ample parking, and additional storage in the rear. Leases are triple-net. The Net Operating Income with the new leases is projected to be $434,000. Comcast has occupied 21,400 sq. ft. for over 12 years and renewed for an additional 5 years in 2019. Encompass Health recently signed a 5-year lease for 3,900 sq. ft. office (Suite C). Applied Technical Systems signed a 5-year lease for 2,000 sq. ft. (Suite B), which the tenant improvements are expected to be completed by May 1st.

View Details
View Details

Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: Gulf Coast CMLS

More Information

©Copyright 2001-2021 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.

Commercial Exchange is a national commercial real estate marketplace powered by Catylist.