$2,442,000
Panama City Beach, FL 32408
MLS# 667353
Status: Sold
44056 sqft
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Property Description
Pac and Stac Storage is a established income producing property located on Panama City Beach, Florida. The property consists of +/- 4.3 acres of land and 44,056SF of climate-controlled and non climate-controlled drive up storage with a average occupancy rate of 93%. There are a total of 407 rent able units and RV/boat storage. The facility is made up of 4 buildings built in 1997,1999 and 2005 and includes a office and 2 bedroom apartment for a live in property manager. There is a long term reliable property manager that would be a asset to a absentee owner or someone looking for a passive income investment. The property is located just off Thomas Drive which is a main thoroughfare for Panama City Beach.
Details
Maps
Contract Info
List Date: 2018-01-29
List Price: $2,750,000
List Price/SqFt: 62.42
Current Price: $2,442,000
Sub-Type: Income Producing
Location
Area: 03 - Bay County - Beach
Street #: 7221
Street Name: LAIRD
Street Suffix: Street
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0319 - Beach - East
Business Name: Pac and Stac Storage
Subdivision: Thomas Drive Park U-2
Community/Resort: None
Waterfront: No
Parcel ID: 27921-473-000
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: From Thomas Drive turn onto Laird and property will be on your left.
Legal Description: THOMAS DRIVE PARK UNIT 2 LOT 14 BLK A ORB 1678 P 1760-69 MAP 57D ORB 2603 P 552 ORB 2871 P 487
General Property Info
List Class: Commercial
Construction Status: Construction Complete
Site Dimensions: 300x627
Acreage: 4.3
SqFt Tot Bldg: 44056
Year Built: 1997
Listing Info, Tax and Legal
HOA Fee: No
Status Change Info
Status: Sold
Under Contract Date: 2018-03-02
Sold Date: 2018-05-31
Sold Price: $2,442,000
Sold Price/SqFt: 55.43
Sold Price/Acre: 567906.98
Business Only
Building SqFt: 44056
Income Producing
Property Type: Industrial
Property Features
Business/Property: Living Quarters; Office Area; Sign
Construction/Siding: Floor - Concrete; Roof - Metal; Siding - Metal
Floors in Unit/Home: One
Financing: Cash; Conventional
Present Zoning: Commercial
Sale Type: As Is
Transport. Access: Paved
Utilities: All Utilities
Listing Office: Coldwell Banker Realty
Last Updated: January - 03 - 2020
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.