Fortiline Waterworks Panama City, FL

Status Under Contract
Location 1417 Transmitter Road, Panama City, FL 32401
Captialilzation Rate 6.50%
Building Size 5,000 Square Feet
Lot Size 3.16 Acres
Lease Type NNN
Term Remaining 5.25 Years
Price $ 1293000
  • Fortiline is a Leading Supplier of Underground Water, Sewer and Storm Utility Products
  • Reece Group, the Australian Parent Company, Made Over $6B in Revenue FY20
  • Industrial Property with Outdoor Storage
  • Tenant Recently Extended the Lease for Five Years
  • Florida is a Non-Income Tax State

Doherty Houston Industrial Group is pleased to present this Fortiline Waterworks located on Transmitter Road in Panama City, Florida. The subject property is a 5,000-square-foot facility sitting on 3.16 acres. There are over five years of lease term remaining.

Fortiline Waterworks is a wholesale distributor of underground water, sewer and storm utility products in the United States. Founded in 1997, Fortiline distributes thousands of SKUs to a diverse base of contractor, developer, and municipal customers through its branch network across the United States. Fortiline Waterworks was acquired by MORSCO in October 2016 but kept their same brand name.

MORSCO is a leading U.S. distributor of commercial and residential plumbing, waterworks and HVAC supplies. The company was founded in Fort Worth, Texas, and is now one of the fastest growing in its market, led by a team of industry veterans. In 2018, MORSCO was acquired by the Reece Group, Australia’s leading provider of plumbing, HVAC and waterworks products.

Panama City is a city in and the county seat of Bay County, Florida. Located along U.S. Route 98 , it is the largest city between Tallahassee and Pensacola. The city is in the Florida panhandle on St. Andrews Bay approximately 170 miles east of Mobile, Alabama, 95 miles east of Pensacola, Florida, and 100 miles southwest of Tallahassee, Florida. St. Andrews Bay surrounds much of Panama City and provides a protected harbor for facilities at the growing Port of Panama City complex.

Agent : Patrick Doherty

  • 512-338-7855
  • patrick.doherty@marcusmillichap.com
License: TX-622300
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