Cushman & Wakefield and Graham & Company are pleased to offer for sale a new ±25,000 sq. ft. industrial building on a 5.50-acre site in Panama City and the Florida Panhandle. In addition to a car parking area, the Property will have an ±83,638 sq. ft concrete reinforced yard for storing materials for sale.
The Property is fully leased to White Cap, L.P., a Florida limited partnership for 10 years with 3.00% annual rent increases. White Cap will use the facility for selling concrete and erosion materials, equipment, and tools to construction contractors in the rapidly growing Panhandle.
White Cap’s customers are professional contractors that build infrastructure, and commercial and residential structures. White Cap’s serves as a one-stop shop for concrete accessories and chemicals, tools, equipment, building materials, fasteners, erosion and waterproofing, and safety products. White Cap offers multiple brands in the U.S. and Canada.
