Land Contract Negotiation in Panama City, FL
A facility in Panama City was owned by a client of Campbell Corporation. While our client formerly occupied the manufacturing facility, they now leased the building to an underwater cable manufacturer. This was a large 120,000 square foot facility on water in a duty free port, with 300 ton overhead cranes and large recessed floor test facilities. We inspected the building each year for maintenance, as well as full verification the $1.2 million fleet of cranes was on site and in good operating condition. Soon the Florida client required our land contract negotiation services, realizing Campbell Corp was their best bet.
Global Project Management Experts
The lease was about to expire and the tenant did not want to renew the contract. Our Florida client wisely decided to sell its interest. We evaluated the facility’s use for resale purposes and ascertained due to its size, crane capacities and land area, the spectrum of potential buyers was limited. The client needed the skills of Campbell Corp’s real estate consultants and global project management experts for a maximum return on their property southwest of Tallahassee.
The land lease had 30 years remaining at the time we did our study. Because of the then-current economic times, we concluded with the solution to deed the facility to the Panama City Port Authority and sell the overhead cranes, minimizing its losses. The client accepted our lease contract negotiation advice and was pleased with the report which clearly formulated the final sales. Upon completion of the leasing solution, Campbell Corp assisted in disposing of the facility, near St. Andrews Bay.