Warehouse Space for Rent

Panama City Warehouse for sale

5102 East 12th Street

Panama City Warehouse for sale

5102 East 12th Street

Panama City Florida

Warehouse Specifications

  • Property Size :

  • Price / yr :

  • Price / sf / yr :

  • Price / mo :

  • Price / sf / mo :

  • Year Built :

  • Warehouse :

  • 21,500 SF

  • $ 22,200,000 / yr

  • $ 1,032.56 sf / yr

  • $ 1,850,000 / mo

  • $ 86.05 sf / mo

  • 1984

  • # 5743

Warehouse Description

Nestled just steps from Shell Island Beach in Panama City, Florida, the Panama City Mobile Home Park is a 3.27-acre property boasting 24 pads. Operating for over a decade, the park features tenant-owned mobile homes and enjoys a prime location minutes from the Gulf of Mexico and Panama City Beach.

The park has undergone recent upgrades and is in excellent condition. It operates under a brand-new 5-year NNN lease, ensuring a monthly income of $12,750, with annual increases of $500. This lease provides the owner with a guaranteed stream of income and low maintenance responsibilities.

The strong tenant, with over 12 years of experience in mobile home park management, is responsible for all repairs, maintenance, and expenses at the property. The NNN lease also covers all taxes and insurance, freeing the owner from significant expenses.

The mobile homes are individually owned by tenants, who are responsible for their own upkeep. This arrangement significantly reduces the owner's maintenance costs and expenses. The park also benefits from city water and city sewer, eliminating the need for expensive private wells or septic systems.

With an in-place cap rate of over 8.4% and a cash-on-cash return of over 18%, this investment opportunity provides a compelling value proposition. The NNN lease ensures a steady income stream, while the potential for a cap rate of over 10% in 2026 adds to the long-term value.

Seller financing is available, making this deal even more attractive. A down payment of $750,000 is required, with interest-only payments and a 7-year balloon length. This flexible financing option allows the buyer to preserve capital and maximize leverage.

Overall, this investment offers a rare opportunity to acquire a well-maintained mobile home park in a prime location with a secure income stream. Its low-maintenance responsibilities, strong tenant, and potential for increased returns make it an ideal option for investors seeking consistent cash flow and long-term appreciation in the thriving Florida market.

Panama City Local Warehouse Experts

Dedicated to Delivering Tailored Warehouse Solutions in Panama City, FL. At IndustrialSpaces.net, we pride ourselves on being more than a warehouse listing service. We are committed to helping businesses in Panama City find the perfect warehouse space that aligns with their specific needs and goals.

Our Expert Services Include:

Bespoke Property Selection: Our local Panama City experts work closely with you to identify properties that match your business requirements.
Full-Sale Process Assistance: From initial viewings to final sale signings, we offer full support to ensure a smooth and successful sale experience.
Optimised Cost Solutions: Leveraging our local market knowledge, we negotiate the best possible terms to deliver cost-effective sale solutions for your business.

With IndustrialSpaces.net, you gain a partner who understands the nuances of the Panama City warehouse market. Reach out to us at (833) 556-5511 for a comprehensive consultation and start your journey towards securing the ideal warehouse space for your business.

Location 5102 East 12th Street, Panama City

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