Income Producing Office Center

Office for Sale
Catylist Listing ID: 30135333
Property Subtypes: Office Building
Building Size (RSF): 9,992 SF
Gross Land Area: 0.57 Acres
Sale Price: $950,000
Unit Price: $95.08 PSF
Property Use Type: Investment, Business
Class of Space: Class B
Usable Size (USF): 9,992 SF
Sale Terms: Cash to Seller
Cap Rate: 7.5%
Average Occupancy Rate: 100
Last Updated: 1/3/2022

Overview / Comments

Multi-tenant office building for sale in NE Pensacola. Approximately 10,000 SF site with 5 long-term, established tenants. Great visibility, ingress/egress and private parking. All units have private entrance. Current NOI = $69,282. Contact listing agent for rent roll or to schedule a tour of site.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County Tax Collector
Tax ID/APN: 30-1S-30-7902-090-011
Zoning: COM
Property Located Between: Chapel St. and Davis Hwy.
Property Visibility: Excellent
Highway Access: Creighton Road
Airports: Pensacola International
Site Description: Multi-Tenant Office Building
Area Description: Office/Retail/Residential
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 9,992 SF
Year Built: 1983
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Exterior Description: Brick and Vinyl Facade
Parking Type: Surface
Parking Description: Paved
Total Parking Spaces: 20
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Zoning Description: Comm
Lot Frontage: 153
Lot Depth: 175
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: In File
Legal Description: in File

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,986 64,739 150,710
Median Age: 34.76 36.99 38.5
Households: 3,711 26,945 61,079


Photograph of Listing Agent

Gerald McArthur, SIOR

Gerald McArthur, Gulf Coast Real Estate Advisors, LLC
Gulf Coast CMLS Member
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