SOLD
Passco Cos Acquires Multifamily Property In Panama City Beach For $92.5M
10400 Panama City Parkway
MultiFamily
Sold 1 year ago
Summary
Sale
FLORIDA
MultiFamily
The multifamily property located at 10400 Panama City Parkway in Panama City Beach has been sold. The transaction took place on December 13, 2022. The property, consisting of 300 units, was sold for a total of $92,500,000, resulting in a per unit price of $308,333.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $92,500,000
- Date: 12/13/2022
- Address: 10400 Panama City Parkway
- Market: Panama City Beach
The buyer in this transaction was Passco Cos, while the seller was Flournoy Properties. The deal was facilitated by brokers Joe Ayers, Cliff Taylor, Paul Berry, and Don Hoffman from CBRE.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Joe Ayers & Cliff Taylor
DATE: 12/13/2022
ADDRESS: 10400 Panama City Parkway
MARKET: Panama City Beach
ASSET TYPE: Multifamily
BUYER: Passco Cos (@PasscoCompanies)
SELLER: Flournoy Properties (@FlournoyPropertiesGroup)
BROKERS: Joe Ayers, Cliff Taylor, Paul Berry & Don Hoffman - CBRE (@CBRE)
SALE PRICE: $92,500,000
UNITS: 300 ~ PPU: $308,333View on map
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Address10400 Panama City Parkway
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