$1,995,000
Chipley, FL 32428
MLS# 930852
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Property 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 that is currently net leased to 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 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. Additionally, there is adjacent unimproved and vacant land of approximately 7.2 acres to potentially construct other buildings on-site.
Details
None
Current Price: $1,995,000
Status Change Info
Status: Active
Contract Info
GCCMLS Number: 30853228
List Date: 2023-08-25
List Price: $1,995,000
Listing Board: Emerald Coast
Location, Tax and Legal
Area: 30 - Other Counties
Street #: 824
Street Name: Mary Helen
Street Suffix: Drive
State: FL
Zip Code: 32428
County: Washington
Sub Area: 3005 - Washington County
Parcel ID: 00000000-00-2259-0025
Property Name: CHP
Legal Description: 10 4 13 12.92 ORB 1191 P 361 PARCEL DESC IN ORB 1191 P 361
General Property Info
Listed on GCCMLS: Yes
Property Information: 2 drive in roll-up doors and 1 loading dock with truck well
Equipped with heavy 3-phase power and a full fire suppression system in the 32,000 sf warehouse
Centrally located near main corridors Hwy. 77 & Interstate 10
Additional 7.2 acres of land for expansion of more buildings included in purchase.
Vacant: No
Immediate Occupancy: No
Acreage: 12.92
Listing Info, Tax & Legal
As Is: Yes
Remarks & Misc
Remarks: 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 that is currently net leased to 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 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. Additionally, there is adjacent unimproved and vacant land of approximately 7.2 acres to potentially construct other buildings on-site.
Office/Member Info
Cooperative Comp: 2.5
Cooperative Comp Type: %
Income Producing
Year Built: 2005
Building SqFt: 33983
Price P/SqFt: 64.59
Net Operating Income: 141000
Cap Rate: 6.42
Property Type: Industrial
Industrial
# Dock High Doors: 1
Sprinklers?: Yes
Office SqFt: 1983
Year Built: 2005
Property Type: Warehouse
Land
Property Type: Commercial
Office
# of Units: 2
Property Features
Class: Income Producing; Industrial; Land; Office
Construction Status: Existing
Sale Type: Real Estate Owned
Supplements
Strategically located within the Chipley Industrial Park, and an approximate 3 mile distance to Interstate 10, this building provide optimal positioning to service Tallahassee, 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 current NOI is 6.42%.
This Chipley, Florida Industrial Commercial property offers a central point of accessibility, efficiency, and opportunity. With direct access to key transportation corridors and close proximity to major markets in the central panhandle area. The property at 824 Mary Helen Drive is in a logistically well positioned hub for manufacturing, storage and distribution.
Listing Office: Riviera Realty Group LLC
Last Updated: October - 02 - 2023
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
Tuesday 14th of May 2024 05:52 PM
