NOT LISTED FOR SALE

845 E 23rd St Unit 855 Panama City, FL 32405

Estimated Value: $7,296,811

Studio
-- Bath
23,925 Sq Ft
$305/Sq Ft Est. Value

About This Home

As of July 2014

End-cap unit available 1,285 SF retail/office unit within the P.C. Crossing community center is available for lease. Asking rate lease is $1,6000/ month (based on $10.49/SF plus $4.46/SF in common area maintenance and pass through expenses) plus Florida sales tax.

Last Agent to Rent the Property

Kevin Wattenbarger, CCIM

Wattenbarger Management, LLC License #BK3137983 Listed on: 01/03/2014

Last Renter's Agent

Kevin Wattenbarger

Sperry Van Ness

Property Details

Property Type

  • Other

Year Built

  • Built in 2005

Additional Features

  • Zoning described as Commercial
  • Cooling Available

Property Details

Property Type

Other

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Commercial Lease
  • Year Built: 2005
  • Property Sub Type: Other
  • Subdivision Name: No Named Subdivision
  • Property Sub Type Additional: Other
  • Special Features: None

Interior Features

  • Possible Use: Commercial

Utilities

  • Cooling Y N: Yes

Lot Info

  • Mobile Dim Units: Feet
  • Zoning Description: Commercial

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2020
Sold by
Vereit Mt Panama City Fl Llc
Bought by
Ta Muy Chili Llc
Current Estimated Value
$7,296,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,500,000
Outstanding Balance
$3,079,099
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
$4,217,712

Purchase Details

Closed on
Dec 8, 2015
Sold by
P C Crossings Llc
Bought by
Vereit Mt Panama City Fl Llc

Purchase Details

Closed on
May 10, 2007
Sold by
Panama City Crossings Llc
Bought by
P C Crossings Llc

Purchase Details

Closed on
Jul 27, 2006
Sold by
Retail Acquistion Group Llc
Bought by
Panama City Crossings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,080,000
Interest Rate
6.68%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 31, 2004
Sold by
Malone Houston Coleman and Malone Coleman H
Bought by
Retail Acquisition Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,125,000
Interest Rate
5.97%
Mortgage Type
Commercial
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Ta Muy Chili Llc $5,000,000 Attorney
Ta Muy Chili Llc $5,000,000 Attorney
Vereit Mt Panama City Fl Llc $6,025,000 None Available
Vereit Mt Panama City Fl Llc $6,025,000 None Available
P C Crossings Llc $6,625,000 Chicago Title Insurance Co
P C Crossings Llc $6,625,000 Chicago Title Insurance Co
Panama City Crossings Llc -- None Available
Panama City Crossings Llc -- None Available
Retail Acquisition Group Llc $1,500,000 --
Retail Acquisition Group Llc $1,500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ta Muy Chili Llc $3,500,000
Previous Owner Panama City Crossings Llc $5,080,000
Previous Owner Retail Acquisition Group Llc $1,125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2022 06/20/22 Off Market $48,000 -- --
07/01/2014 07/01/14 Rented $48,000 +479900.0% --
05/13/2014 05/13/14 Under Contract -- -- --
01/02/2014 01/02/14 For Rent $10 -- --
Source: Central Panhandle Association of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $86,487 $5,439,102 $2,521,010 $2,918,092
2024 $89,146 $5,484,661 $2,521,010 $2,963,651
2023 $89,146 $5,142,308 $2,521,010 $3,009,348
2022 $76,558 $4,674,825 $0 $0
2021 $70,451 $4,249,841 $1,572,823 $2,677,018
2020 $72,024 $4,286,869 $1,348,562 $2,938,307
2019 $67,257 $4,161,091 $1,192,762 $2,968,329
2018 $63,462 $4,191,113 $0 $0
2017 $62,903 $4,197,310 $0 $0
2016 $63,989 $4,172,598 $0 $0
2015 -- $2,783,380 $0 $0
2014 -- $2,803,397 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Landlord's Agent in 2014

    Kevin Wattenbarger, CCIM

    Wattenbarger Management, LLC

  • K

    Tenant's Agent in 2014

    Kevin Wattenbarger

    Sperry Van Ness

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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 615825

Central Panhandle Association of REALTORS®

APN: 12972-000-000

Florida Bay County Panama City 32405

845 E 23rd St Unit 855, Panama City, FL

Not Listed for Sale

Other

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