NorCross Professional Center

Investment Overview

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.

Investment Highlights

• +/- 22,000 sf
• Bay County Parcel Id's: 13016-122-000 & 13016-122-070
• 100% Leased
• 2 buildings of 8,000 rsf
• 1 building of 6,000 rsf
• New roofs installed in 2022
• Owner financing available
• 8.63% cap rate