Woodbine Plaza - Investment Opportunity

Shopping Center for Sale
Catylist Listing ID: 29938424
Property Subtypes: Strip Center
Building Size (RSF): 16,034 SF
Gross Land Area: 1.51 Acres
Sale Price: $925,000
Unit Price: $57.69 PSF
Property Use Type: Investment
Building Name: Woodbine Road, 4475
Sale Terms: Cash to Seller
Cap Rate: 11.84%
Last Updated: 7/17/2017

Overview / Comments

Value Add Retail Center available! This retail strip center is anchored by We Tuck Em In Pet Hotel, a dog grooming and spa business. Hungry Howie's Pizza is the other tenant on an end cap. The other end cap is available for lease and would provide an increase in the center's value once leased.

This center has tremendous visibility along Woodbine Road in Pace, FL. As the high income suburb of Pensacola, this market is booming with lots of new residential and retail development taking place.

The long term anchor tenant has grown and expanded multiple times within the center. A new roof is currently being installed and should be completed in April, 2016.

• Value Add Retail Strip Center
• 11.84% Cap Rate
• 85% Occupied
• Lease terms provide for rent growth

Attachments & Media

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Tax ID/APN: 18-1N-29-0000-00101-0000
Property Visibility: Excellent
Area Description: .
Year Built: 1991
Parking Type: Surface
Total Parking Spaces: 50

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,418 16,703 47,339
Median Age: 39.28 39.34 38.31
Households: 530 6,204 17,670

Contact

Photograph of Listing Agent

John Fifer, CCIM

Beck Partners CRE, LLC Gulf Coast CMLS Member
Photograph of Listing Agent

Shawn Maxey

Beck Partners CRE, LLC Gulf Coast CMLS Member
Photograph of Listing Agent

Stacy Taylor, CCIM

Beck Partners CRE, LLC Gulf Coast CMLS Member

Source

© Copyright Gulf Coast CMLS. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.