824 Mary Helen Drive, Chipley, FL 32428 (MLS# 779936)

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Property Description
Warehouse for sale - Located in Washington County on 12.92 acres of land with 2 buildings, a 32,000 SF warehouse building and a 1,983 SF office space is net leased to WestPointe Home, a division of Ichan Industries. The Story: The below market rate lease term runs for approx. Lease ends in July 2026 great for owner occupied. The warehouse has a 25-foot ceiling heights, 2 ground-level roll up doors, 1 loading door with 4' truck well, concrete load-stressed floors, metal roofing, and full fire suppression. The property also has 220/240V, 3 phase power and City water/sewer, in an prime area for growth. Approx 7 Acres dry and high vacant land to construct on. Strategically located within the Chipley Industrial Park, within 3 miles to Interstate 10, this building provides an optimal position to service. Quick Access to Tallahassee, Pensacola, Montgomery, and Panama City MSA's. Constructed in 2007, the Chipley Warehouse includes a 1,983 SF office building built in 2005 and is in good condition. CAP rate on current NOI is 6.01%.

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