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2420 Jenks Ave
Panama City, FL 32405
Bldg 1 · Office Property For Sale
Investment Highlights
- 8.63 Cap Rate
- New Roofs installed in 2022
- Financials/leases upon request
- Bay Co. Parcel I.D.s 13016-122-000 and 13016-122-070
- Owner financing available
Executive Summary
2420 Jenks Avenue offers investors the opportunity to acquire a fully leased commercial property in Panama City, Florida. The asset consists of approximately ±22,000 square feet across three buildings situated on two parcels (Bay County Parcel ID’s 13016-122-000 and 13016-122-070).
The improvements include two buildings totaling ±8,000 RSF each and one building of approximately ±6,000 RSF. The property is currently 100% leased, providing immediate in-place income.
Recent capital improvements include new roofs installed in 2022. The property is being offered at an 8.63% cap rate and owner financing is available.
2420 Jenks Avenue is located in a well-established commercial corridor in Panama City with convenient access to surrounding business districts and major transportation routes.
The improvements include two buildings totaling ±8,000 RSF each and one building of approximately ±6,000 RSF. The property is currently 100% leased, providing immediate in-place income.
Recent capital improvements include new roofs installed in 2022. The property is being offered at an 8.63% cap rate and owner financing is available.
2420 Jenks Avenue is located in a well-established commercial corridor in Panama City with convenient access to surrounding business districts and major transportation routes.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
22,000 SF
Building Class
B
Year Built
2007
Price
$5,470,800 CAD
Price Per SF
$248.67 CAD
Cap Rate
8.63%
NOI
$472,282 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,000 SF
Building FAR
0.19
Lot Size
2.68 AC
Zoning
P/I
Parking
40 Spaces (1.82 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 13016-122-000 | Improvements Assessment | $1,807,240 CAD |
| Land Assessment | $552,359 CAD | Total Assessment | $2,359,600 CAD |
Property Taxes
Parcel Number
13016-122-000
Land Assessment
$552,359 CAD
Improvements Assessment
$1,807,240 CAD
Total Assessment
$2,359,600 CAD
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