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912-1120 Thomas Drive

Panama City Beach, FL 32408
  • $5,750,000
  • STATUS: Active
  • ON SITE: 1418 Days
  • MLS #: 666930
$5,750,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2008
County:
Bay

School Information

Elementary School:
Middle School:
High School:

Description

Coastal Palms Village consists of a 16,219 square feet Retail Stip Center and a 6901 square feet Class A Building. The site consists of +/- 4 acres with 1150' frontage on Thomas Drive, directly across from the Naval Support System. Completed in 2008, it is Class A construction with tremendous upside. The strip center has 10 spaces and is constructed of concrete poured block and steel beam supported ceilings. The roof is tile and one piece member of rubber. It is equipped with a complete fire sprinkler system and is monitored on a 24/7 basis. The 6901 square feet Class A Building has 2 spaces. The complex also has excellent signage on Thomas Drive. Cap Rate is 5.7%. All leases are Triple Net Leases. Tremendous Upside! Tenants include Dunkin Donuts, Rupert's Cleaners, Rose's Nails, The Egg &I Restaurant, Legacy Cabinets, Fatty Patty's Restaurant and Cakes, 4m Engineering, Nephrology Associates, and Fatty's Sandwich. Two Units are Available for Lease in the Strip Center. Other Tenants in the area are: Dick's Wings, Bruster's Ice Cream, Burger King, LaQuinta Hotel and others. SELLER IS OFFERING FINANCING WITH 30% DOWN, PAYMENTS BASED ON 30 YEAR TERM WITH A 10 YEAR CALL. INTEREST RATE 6.5%. IN ADDITION, SELLER WILL ENTERTAIN A 33% PARTNER (DEBT FREE INVESTMENT). Properties are also being Sold individually. See MLS 666936 and 666940 for details of individual tenants.

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© 2021 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Blue Swell Realty. Data last updated: 2021-12-06T00:03:55.03.
www.blueswellrealty.com/homes/80040989
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912-1120 Thomas Drive Panama City Beach, FL 32408

  • Price: $5,750,000
  • Status: Active
  • On Site: 1418 Days
  • MLS #: 666930
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2008
Built
Neighborhood:
Coastal Palms Commercial
County:
Bay
Area:
Bay County-Beach
Elementary School:
Patronis
Middle School:
Surfside
High School:
Other
Property Description
Coastal Palms Village consists of a 16,219 square feet Retail Stip Center and a 6901 square feet Class A Building. The site consists of +/- 4 acres with 1150' frontage on Thomas Drive, directly across from the Naval Support System. Completed in 2008, it is Class A construction with tremendous upside. The strip center has 10 spaces and is constructed of concrete poured block and steel beam supported ceilings. The roof is tile and one piece member of rubber. It is equipped with a complete fire sprinkler system and is monitored on a 24/7 basis. The 6901 square feet Class A Building has 2 spaces. The complex also has excellent signage on Thomas Drive. Cap Rate is 5.7%. All leases are Triple Net Leases. Tremendous Upside! Tenants include Dunkin Donuts, Rupert's Cleaners, Rose's Nails, The Egg &I Restaurant, Legacy Cabinets, Fatty Patty's Restaurant and Cakes, 4m Engineering, Nephrology Associates, and Fatty's Sandwich. Two Units are Available for Lease in the Strip Center. Other Tenants in the area are: Dick's Wings, Bruster's Ice Cream, Burger King, LaQuinta Hotel and others. SELLER IS OFFERING FINANCING WITH 30% DOWN, PAYMENTS BASED ON 30 YEAR TERM WITH A 10 YEAR CALL. INTEREST RATE 6.5%. IN ADDITION, SELLER WILL ENTERTAIN A 33% PARTNER (DEBT FREE INVESTMENT). Properties are also being Sold individually. See MLS 666936 and 666940 for details of individual tenants.
Exterior Features

Construction Siding ConcreteFloor - Concrete Construction Status Construction Complete Transport Access 4-Lane

Interior Features

Sq Ft Total Building 25447.00

Property Features

Commercial Sale Sub Type Arnold Community Resort None Financing CashConventionalOwner Hoa Fee No List Class Commercial Occupancy Status Occupied Offering Type Sale With Lease Present Zoning General Commercial Pricing Type Sale Price

Listing provided courtesy of Varnes Realty. Listing information © 2021 Central Panhandle Association of Realtors MLS.


© 2021 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Blue Swell Realty. Data last updated: 2021-12-06T00:03:55.03.
 
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Blue Swell Realty
17633 Ashley Drive, Building 2
Panama City Beach FL, 32413