STNL Medical Office Investment

Retail-Commercial for Sale
Catylist Listing ID: 30707858
Property Subtypes: Free-Standing Building, Other
Building Size (RSF): 5,339 SF
Gross Building Area: See Agent
Sale Price: $1,975,000
Unit Price: $369.92 PSF
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 4/19/2021

Overview / Comments

Available for purchase, this Class A medical Office property strategically located in Pensacola's strongest healthcare corridor. Original 10 year lease with 9 years remaining; strong, well established ENT practice.

10 year lease with 9 years reminding providing limited landlord responsibilities

Covid and E-Commerce Resistant - Facility never closed during Covid Shut down as an essential business, and isn't subject to effect of e-commerce like many retailers.

2.5% annual increases provide strong rental growth.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 481S306101001053

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,870 78,544 167,793
Median Age: 31.72 37.7 38.35
Households: 2,917 31,402 68,786

Contact

Photograph of Listing Agent

Justin A. Beck, CCIM, CPM

Beck Partners CRE, LLC Gulf Coast CMLS Member
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