Luke Thomson Of NX3 Commercial Group Represents Buyer In $23.25M Retail Sale In Panama City
3213 W Hwy 390, Panama City Fl 32405
$23,250,000
$339/SF
Building Size
68,550 SF
Asset Type
Retail
Closing
Sep 25, 2026
About this deal
AI
The property asset involved in this transaction is a retail asset located at 3213 West Highway 390 in Panama City. The sale price for this asset was $23,250,000, with a total square footage of 68,550 and a price per square foot of $339.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $23,250,000
- Address: 3213 West Highway 390
- Market: Panama City
- Square Footage: 68,550
- Price per Square Foot: $339
The key individuals involved in this transaction include Luke Thomson, who represented the buyer through NX3 Commercial Group, and Jim Hamilton, who represented the seller through JLL.
On the Map
$23,250,000
$339/SF
Retail
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Players
Panama City Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93