Pensacola Class A Office

Office for Sale
Catylist Listing ID: 30869766
Property Subtypes: High-Tech, Flex Space, Office Building
Building Size (RSF): 22,503 SF
Gross Land Area: 1.91 Acres
Sale Price: $4,295,000
Unit Price: $190.86 PSF
Ceiling: 13.5 ft.
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: Pensacola Class A Office
Class of Space: Class A
Usable Size (USF): 21,928 SF
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: 7.66%
Last Updated: 4/24/2024

Overview / Comments

Class A Office Building in Pensacola! Possibilities as an owner occupied building or investment property as a sale/lease back with the current tenant. Building was 100% renovated in 2020/2021 and is as close to brand new as you can get! Located just north of Pensacola Naval Air Station and 4 miles or a 10 minute drive to the heart of downtown Pensacola! Both floors boast a 13'6" ceiling height, exposed rafters, polished concrete floors throughout, exposed duct system and glass doors/walls allowing natural light to flow through! The 1st Floor has 5 individual offices, 3 conference rooms, 3 work spaces/collaboration rooms, 6 restrooms and a large covered outdoor break area for employees. The 2nd Floor houses 11 individual offices, 1 conference room, 3 work spaces/collaboration rooms, 3 restrooms w/ showers, 1 elevator and 1 massive break room and lounge/hangout/game area. This building enjoys the benefits of having solar panels across the roof, in effect reducing power usage and expense. Parking lot has approximately 104 parking spaces. Looking for your new office headquarters to make a statement, bring your employees to a place they will love to work! On the other hand, if you're looking for an investment purchase, existing tenant will consider leasing all or a portion of the building back from new owner; lease to be signed at closing (SALE/LEASE BACK). DRG Featured!

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 372S305002000058|1
Zoning: COMMERCIAL
Property Located Between: N New Warrington Rd. and Chiefs Way
Property Visibility: Excellent
Highway Access: 4.5 miles to Interstate 110
Airports: Pensacola International Airport
Site Description: Located north of Pensacola Naval Air Station and 4 miles west of downtown Pensacola.
Area Description: This office building is located directly next door to Pete Moore Chevrolet and surrounded by many other retail establishments and QSR's....
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 11,100 SF
Year Built: 1978
Year Renovated: 2021
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Solid brick structure w/ stucco featured accents and massive glass windows throughout!
Parking Ratio: 4.6 (per 1000 SF)
Parking Type: Surface
Parking Description: Brand new parking lot surrounds all sides of the property for close proximity for clients and employees.
Total Parking Spaces: 104
Passenger Elevators: 1
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Fiber Optic
Interior Description: 13'6" exposed ceiling height, exposed duct work, tons of natural glass windows/walls/doors and polished concrete floors. The layout mixture of individual offices and open space allows for "collaboration" of employees to join together.
Zoning Description: Commercially zoned for the intended use as an office.
Lot Frontage: 220
Lot Depth: 300
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: owned
Legal Description: Parcel ID: 372S305002000058 Parcel ID: 372S305002002058

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,143 66,992 136,313
Median Age: 31.8 36.2 36.32
Households: 4,348 26,026 50,946

Contact

Photograph of Listing Agent

Logan DeVries, MiCP, CPM

DeVries Realty Group, LLC Gulf Coast CMLS Member
© Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Moody's assume any liability for errors or omissions.