8 UNIT STRIP CENTER - 100% leased - CBS Construction - 8.18% CAP

Shopping Center for Sale
Sale Pending/Contingent
Catylist Listing ID: 30679840
Property Subtypes: Community Center, Mixed Use, Strip Center
Status: Pending/Contingent
Building Size (RSF): 12,000 SF
Gross Land Area: 1.10 Acres
Sale Price: $1,595,000
Unit Price: $132.92 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: 3/5/2021

Overview / Comments

8 Unit Strip Center at the intersection of Highway 98W and Blue Angel Parkway
100% leased
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
Great tenant mix with Most tenants have been in the building for 15 years
Current Annualized NOI - $130,604

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

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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

Photograph of Listing Agent

Matthew Pair

Pair Properties, Inc.
Gulf Coast CMLS Member
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