Catylist ID:
#30679840
8 UNIT STRIP CENTER - 7.1% CAP with UPSIDE
Shopping Center
for Sale
| Catylist Listing ID: | 30679840 |
| Property Subtypes: | Community Center, Mixed Use, Strip Center |
| Building Size (RSF): | 12,000 SF |
| Gross Land Area: | 1.10 Acres |
| Sale Price: | $1,525,000 |
| Unit Price: | $127.08 PSF |
| Ceiling: | 14 ft. |
| Property Use Type: | Investment |
| Building Name: | Pair Plaza |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 7.1% |
| Average Occupancy Rate: | 88 |
| Last Updated: | 1/11/2021 |
Overview / Comments
|
8 Unit Strip Center at the intersection of Highway 98W and Blue Angel Parkway Currently 88% leased with one vacancy Built in 2006 with Concrete Block Construction Pylon Sign with Great Visibility and Parking on all sides Excellent ingress/egress with two entrances and median cut and turn lane Most tenants have been in the building for 15 years Current Annualized NOI - $108,374 Please do not Disturb Tenants! |
Additional Details
| Nearest MSA: | Pensacola-Ferry Pass-Brent |
| County: | Escambia |
| Tax ID/APN: | 232S311101002002 |
| Zoning: | COMMERCIAL |
| Retail Clientele: | General, Business |
| Property Located Between: | Highway 98 and Blue Angel Parkway |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Highway 98 |
| Feet of Frontage: | 296 |
| Traffic/Vehicle Count: | 10,700 |
| Highway Access: | Highway 98 with turn lane for westbound traffic |
| Airports: | Pensacola International |
| Site Description: | Corner Lot, Level, paved |
| Area Description: | Mix of residential/commercial (lots of homes nearby) |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Typical SF / Floor: | 12,000 SF |
| Property Condition: | Excellent |
| Year Built: | 2006 |
| Roof Type: | Flat |
| Construction/Siding: | Block |
| Exterior Description: | Stucco over Concrete Block |
| Parking Type: | Surface |
| Parking Description: | Approximately 50 parking spaces. Parking on all sides and rear of the building |
| Total Parking Spaces: | 50 |
| Heat Type: | Electricity |
| Air Conditioning: | Engineered System |
| Interior Description: | Individual units approximately 25' X 60' |
| Zoning Description: | Escambia County Commercial |
| Lot Frontage: | 296' |
| Lot Depth: | 165' |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Land Ownership: | Fee Simple |
| Legal Description: | In File-Parcel #232S311101002002 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 5,217 | 32,941 | 94,953 |
| Median Age: | 36.33 | 36.31 | 35.13 |
| Households: | 2,037 | 12,880 | 34,705 |
Contact
Matthew PairPair Properties, Inc.Gulf Coast CMLS Member |
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