of Property

Overview

• Bedrooms: 0
• Full Baths:
• Half Baths: 0
• Square Footage: 0
• Built: 2005
• Acreage: 12.92

Location

• 824 Mary Helen Drive
  Chipley, FL 32428
  See On Map
• County: Washington
• Area: 10 - Washington County
• Sub Area: 1001 - Washington NE
• Subdivision: Chipley Industrial Park

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 is net leasedto 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 a 25-foot ceiling heights, 2 ground-level roll up doors, 1 loading door with 4' truck well, concrete load-stressed floors, metalroofing, 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 vacant land to construct another building on-site. Strategically located within the Chipley Industrial Park, within 3 miles to Interstate 10, this building provides an optimal position to serviceTallahassee, 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 currentNOI is 7.07%.

MAP & DIRECTIONS

Listed by Riviera Realty Group LLC | Updated 10/02/2023 18:11:44
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