This is a great opportunity to lease commercial space on 23rd Street in Panama City. This is a double corner condominium style commercial unit located at the Willow Lake Commercial Center. This unit has a fully built out upstairs with a bathroom and break area. The property is in great condition and there is ample parking for this building.
This unit located in the Willow Lake Commercial Center is located on 23rd Street in Panama City across from Sam’s Club making this an ideal location for any office or retail user.
This is an excellent opportunity for any business plan with needs of a showroom/office/warehouse!
This valuable property has sold!!
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“Disposition activity is likely to continue in 2015 as CRE owners evaluate and reposition their portfolios in light of changing tenant demands and low development activity,” he said. “Cap rate compression across all property types continues to drive higher asset prices and motivates CRE owners to sell rather than refinance.”
Brian P. Ward, president, Capital Markets | Americas for Colliers International in Seattle, said a strong argument can be made for either strategy.
Pointing out that both fixed and floating interest rates are at historical lows. Ward said taking advantage of low rates to drive cash flow and returns makes a lot of sense.
"However, it does not make sense to put a 10-year loan onto an asset that an owner plans to sell in the next two to three years," he added. "Nor does not make sense to put floating rate debt onto an asset that an owner plans to hold longer long term (seven to 10 years)."
And for the undecided property owners who are not sure whether they want to go short or long with their asset, there are financing strategies for them as well in today’s environment.
“These strategies can include conversion options from floating rate to fixed rate, early prepayment flexibility, swaps and liberal loan assumption/ loan re-sizing provisions,” Ward said.
At the end of the day, investment advisors say it all comes down to the individual's investment strategy.
"Selling today and taking profits off the table can make a lot of sense when buyers are willing to pay aggressively for assets because they can finance those assets with a historically low cost of capital,” Ward said. “Conversely, that same owner may be able to refinance using the same historically low rates and capture the cash flow benefits as a result.”
8,000 SF Office/Warehouse for Lease in Lynn Haven, FL
Price:
Size:
Transportation Access:
Street Frontage:
Parking:
$3,500 per Month
8,000 Square Feet
2-Lane City Street, Paved
150 Feet on West 26th Street
9 Free Surface, 4 Free Covered
34+ Spaces, Newly Refinished