100 Aberdeen Loop
Panama City, FL 32405

Fantastic investment opportunity in the Lynn Haven Industrial Park. Investment opportunity with 2020 Net Operating Income of $145,128 = 8% cap rate! Currently leased to Jensen USA who recently signed a 3-year lease renewal, which commenced January 1, 2020. 21,250 sq. ft. building with 2.16 acres in Lynn Haven Industrial Park. The site plan provides for an additional 9,500 square feet to be added to the north side of the building when needed. The building includes warehouse, office, and showroom space. The showroom and office space measures +/-3,200 sq. ft. with large showroom, 3 offices, break room, ADA restrooms and large training area. The ceiling height is 20 ft. clear at the eaves and 23 ft. at the center-line. Two dock-height doors approx. 8' x 9' each and one 14' x 14' street-level door. 3-Phase/480 Amp Service. The Building is concrete block and steel frame, which had minor damage from Hurricane Michael that has been repaired. The seller is replacing the #5 light poles and LED light fixtures that were blown down during Hurricane. The industrial building is leased to “JENSEN USA”, a long-term national credit tenant. The JENSEN-GROUP is one of the major suppliers to the heavy-duty laundry industry. The Group markets its products and services under the JENSEN and ALPHA by JENSEN brands and is the leading supplier to the heavy-duty market. The product range varies from transportation and handling systems, tunnel washers, separators, feeders, ironers and folders to complete project management for fully-equipped and professionally managed industrial laundries. The JENSEN-GROUP has operations in 23 countries, serves customers in more than 40 countries and employs some 1.725 employees worldwide. The Panama City facilities are their U.S. location. www.Jensen-Group.com