Investment Offering - 5030 Commerce Park Circle

Industrial for Sale
Catylist Listing ID: 30024050
Property Subtypes: Industrial-Business Park, Manufacturing, Light Industrial, Warehouse/Distribution
Building Size (RSF): 35,430 SF
Gross Land Area: 4.13 Acres
Sale Price: $2,160,928
Unit Price: $60.99 PSF
Ceiling: 20 ft. Clear
Docks/Doors: 7 Docks, 7 Doors
Office SF: 6,174 SF
Property Use Type: Investment
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 7.46%
Average Occupancy Rate: 100
Last Updated: 5/22/2018

Overview / Comments

The site is improved with an excellent quality, one story manufacturing warehouse and office facility. The building contains 35,430 SF, divided into two tenant spaces. The subject building was built in 1997 and was owner-occupied until April of 2014, at which time the building was reconfigured into a two-tenant building at an approximated cost of $171,000.

The east side of the building was leased in April of 2004 to a national wholesale distributor who is still occupying the space. The west side of the building is leased to long-term local, high volume sales window/door company.

*7.46% cap rate from NOI.

Seller financing available to qualified buyers.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: County MSTU
Tax ID/APN: 391S300200005002
Zoning: HC/LI
Highway Access: US Hwy 29 & I-10
Airports: Pensacola International Airport
Site Description: 5,100 SY of asphalt paving 82 marked parking spots with concrete car stops chain link fencing around rear of site gravel paved outside storage area wood privacy fencing
Area Description: The subject property is located within Marcus Pointe Commerce Park. The commerce park was developed in 1992 by Escambia County to attract businesses that would provide jobs for the community. The subject land was acquired in November of 1996. Marcus Pointe lies 0.5 miles west of “W” Street and approximately one mile west of Pensacola Blvd (US29) and “Car City”. This is approximately two miles southwest of I-10 and about six miles northwest of downtown Pensacola. The west portion of Marcus Pointe is developed as an upscale single family residential subdivision centered around a golf course and country club. The eastern most portion is developed as a business and light industrial park, Marcus Pointe Commerce Park. The park is one of the most attractive of its type in Pensacola. Although metal buildings are allowed, construction includes brick and other better quality materials.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1997
Year Renovated: 2104
Construction/Siding: Concrete
Exterior Description: Attractive gray stucco exterior storefront on the office area with crisp white trim. Matched by an attractive red galvalume roof. The front exterior facing is very attractive with upgraded windows and door. Nicely landscaped. Well maintained parking lot. Nicely laid out side access to rear of property.
Parking Type: Surface
Parking Description: 82 marked parking spots with concrete car stops
Total Parking Spaces: 82
Eave Height: 20
Column Spacing: 27'6
Amps: 800
X-Phase: 3 phase
Heat Type: Suspended Radiant Heaters
Lighting: Metal Halide
Interior Description: Very nicely appointed office area. Unit A, located on the east side of the building is comprised of 2,766 SF of office space and 14,649 SF of warehouse space. Unit B, located on the west side of the building is 3,408 SF of office space and 14,607 SF warehouse space. The manufacturing spaces are open work areas with a 20 FT eave height. These areas are clear span construction, however there are seven columns spaced along the center of the warehouse areas that add support to the the steel framing along the bays. Fenced in laydown yard.
Zoning Description: HC-LI
Lot Frontage: 400
Lot Depth: 450
Water Service: Municipal
Sewer Type: Municipal
Legal Description: On File

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,206 67,969 169,701
Median Age: 40.1 36.55 37.97
Households: 4,096 24,934 67,980

Contact

Photograph of Listing Agent

Logan Devries

NAI Halford Gulf Coast CMLS Member
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