TAYLOR POWER SYSTEMS

3702 E 3rd St, Panama City, FL 32401
$1,215,000

Cap Rate
7.66%
Price Per SF
$152
Gross SQFT
8,008
Year Built
1999/2023
Term Remaining
±5 YRS
NOI
$99,152
Property Type
Industrial

INVESTMENT HIGHLIGHTS

  • Strong Tenancy
    • With nearly 100 years of history, the Taylor Group of Companies has 16 companies under its umbrella, and 1,807 employees worldwide. Taylor Power Systems specializes in engineering, manufacturing, and servicing power generation equipment. Operating in over 28 locations across 11 states, Taylor Power had an annual revenue of $165 million in 2023.
  • Favorable Rent Increases
    • This lease provides rare 3.00% annual rent Increases providing advantageous and consistent cash flow to the owner.
  • Triple Net (NNN) Lease
    • With a recently executed 5-Year Lease, this opportunity provides a long-term and passive investment with zero landlord responsibilities.
  • Location Demographics
    • Florida is one of nine states with no state income tax, contributing to the 6.85% population increase from the latest 2020 census. Specifically in Panama City, the cities population has increased 11.35% since 2020.
  • Strategic Location
    • This investment is ±0.5 miles south of U.S. Highway 98, which connects Panama City to other major Gulf Coast cities. Along with proximity to Route 22 and US Highway 231, these key transportation routes provide accessibility for major transportation and logistics operations.

Broker of Record

  • Kyle Matthews
  • License No. CQ1066435 (FL)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 1600 West End,
    Ste. 1500 Nashville, TN 37203