SOLD
Ledbetter Properties Sells Panama City Shopping Center Bay City Point For $18.1M With Seller's Rep Zach Taylor
500 East 23rd Street
Retail
121,413 SF
121,413 SF
Sold 269 days ago
Summary
Sale
FLORIDA
Retail
121,413 sqft
Bay City Point, a retail property located at 500 East 23rd Street in Panama City, has been sold for $18.1 million. The property spans 121,413 square feet and is situated in the Panama City market. It features tenants such as Hobby Lobby and Ulta Beauty.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $18,100,000
- Square Footage: 121,413
- Address: 500 East 23rd Street
- Market: Panama City
The sale was facilitated by Institutional Property Advisors (IPA), a division of Marcus & Millichap. Zach Taylor of IPA represented the seller, Ledbetter Properties. The deal was successfully closed at a price of $149 per square foot.
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Details
SOLD
IMAGE: Zach Taylor
DATE: 08/24/2023
ADDRESS: 500 East 23rd Street
MARKET: Panama City
ASSET TYPE: Retail
SELLER: Ledbetter Properties (@LedbetterPropertiesnc)
BROKER: Zach Taylor - Institutional Property Advisors - Marcus & Millichap (@MarcusMillichap_Fl)
SALE PRICE: $18,100,000
SF: 121,413 ~ PPSF: $149
NOTE: Bay City Point, a Panama City shopping center spanning 121,413 square feet and featuring tenants like Hobby Lobby and Ulta Beauty, has been sold for $18.1 million through Institutional Property Advisors (IPA), a division of Marcus & Millichap. Zach Taylor of IPA represented the seller, Ledbetter Properties.View on map
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Address500 East 23rd Street
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