The former downtown headquarters building for the Escambia County School District at 215 Garden Street has a purchase offer for $3.25 Million coming to the Board.
Once the board takes action on this offer, which I believe is a sure thing, the buyer will deposit $50K as a earnest money, and will have 150 days to investigate the property--which is being sold "as-is." The broker of this transaction is Beck Property, who will be paid a 3.5% commission-just over $113K- on the sale per the contract.
With the Brownsville sale coming to the board this Monday, the Pickens property demolition plan moving forward, and now the Garden Street property about to be put under contract-the district is doing a very good job of disposing of its excess property in a fiscally responsible manner in my opinion.
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