2505 15Th StPanama City, FL 32401

This exceptional 27,313-square-foot executive office building, located at 2505 15th Street in Panama City Beach, Florida (zip code 32401), presents a compelling investment opportunity. Currently operating at 100% occupancy, the property boasts a strong and stable tenant roster. The State of Florida's Department of Children and Families has occupied a portion of the building since 2011, and the Department of Education since 2014. National Coating Systems, Inc. joined the tenant mix in 2018, recently exercising a five-year lease renewal extending through June 2028. This long-term tenant history provides significant stability and predictable income streams. The property's financial performance is equally impressive. The net operating income (NOI) for 2021 reached $345,000, with projections for 2022/23 indicating an increase to $354,483. This institutional-quality investment property offers a rare combination of strong occupancy, reliable tenants, and a robust financial outlook, making it an ideal addition to any portfolio. The property is classified as an Executive Office building and is situated in Bay County.