824 Mary Helen Drive

Details

Chipley warehouse on 12.92 acres of land.Buildings:Warehouse: 32,000 SF25-foot ceiling height2 ground-level roll-up doors1 loading door with 4' truck wellConcrete load-stressed floorsMetal roofingFull fire suppressionOffice Space: 1,983 SF, built in 2007Tenant: WestPointe Home, a division of Ichan Industries.Lease Terms: Below market rate, approximately 2 years remaining, no tenant options.Utilities: 220/240V, 3-phase power, City water/sewer.Additional Land: Adjacent vacant land available for constructing another building.Strategic Location:Situated in Chipley Industrial Park.3 miles from Interstate 10.Well-positioned to service Tallahassee, Pensacola, Montgomery, and Panama City MSA's.Construction Year: Warehouse built in 2005, office space built in 2007.Financials:CAP rate: 7.61% on current NOI.