Description
Located in 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 leasedto WestPointe Home, a division of Ichan Industries. The below market rate lease term runs for approx. 3 more years with no tenant options. 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, metalroofing, and full fire suppression. The property also has 220/240V, 3 phase power and City water/sewer, in an prime area for growth. Additionally, there is adjacent vacant land to construct another building on-site. Strategically located within the Chipley Industrial Park, within 3 miles to Interstate 10, this building provides an optimal position to serviceTallahassee, Pensacola, Montgomery, and Panama City MSA's. Constructed in 2005, the Chipley Warehouse includes a 1,983 SF office building built in 2007 and is in very good condition. CAP rate on currentNOI is 6.42%.
-
0BEDS
-
12.92ACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
Located in 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 leasedto WestPointe Home, a division of Ichan Industries. The below market rate lease term runs for approx. 3 more years with no tenant options. 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, metalroofing, and full fire suppression. The property also has 220/240V, 3 phase power and City water/sewer, in an prime area for growth. Additionally, there is adjacent vacant land to construct another building on-site. Strategically located within the Chipley Industrial Park, within 3 miles to Interstate 10, this building provides an optimal position to serviceTallahassee, Pensacola, Montgomery, and Panama City MSA's. Constructed in 2005, the Chipley Warehouse includes a 1,983 SF office building built in 2007 and is in very good condition. CAP rate on currentNOI is 6.42%.
© 2023 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Counts Real Estate Group, Inc.. Data last updated: 2023-09-23T23:04:00.763.
Listing provided courtesy of Riviera Realty Group Llc: (888) 240-0499. Listing information © 2023 Central Panhandle Association of Realtors MLS.