NNN Leased Office Investment Property

Office for Sale
Catylist Listing ID: 30794584
Property Subtypes: Flex Space, Net Leased, Office Building
Building Size (RSF): 6,500 SF
Gross Building Area: See Agent
Gross Land Area: 0.72 Acres
Sale Price: $1,195,000
Unit Price: $183.85 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: PSI
Class of Space: Class B
Usable Size (USF): 6,500 SF
Sale Terms: Cash to Seller
Cap Rate: 5.2%
Average Occupancy Rate: 100
Last Updated: 9/21/2023

Overview / Comments

Prime NNN Investment opportunity in the heart of downtown Pensacola, FL. The +/-6,500 sq ft professional office space is located off of A St (1,700 AADT) and W Intendencia St. The building is situated on +/-.72 acres and is zoned C-3. The property has signage, easy access, and ample parking. Located just blocks away from the Pensacola Bay waterfront, the property is surrounded by numerous businesses, national retailers, restaurants, and the Pensacola airport. Local schools, parks, churches, marinas, and yacht clubs are also in close proximity to the site. Several national retailers nearby include Publix, Walgreens, Dollar General, Regions, Shell, Pep Boys, and many more.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: City Of Pensacola
Tax ID/APN: 000S009080030089
Zoning: C-3
Property Located Between: W. Intendencia St. & A St.
Property Visibility: Good
Area Description: Pensacola is located on Florida’s Gulf Coast near the Florida/Alabama state line. The Pensacola market has experienced explosive growth in recent years due to the high population growth and strong median income. The booming economy and tourism has fueled the housing and retail demand in Pensacola over recent years. The government has a substantial presence in the metro, with more than 23,000 military and civilian personnel employed at NAS Pensacola, located just miles from the site. The property is in close proximity to the core retail trade area, the airport, hospital, University of West Florida, NAS Pensacola, Whiting Field Naval Base, and the beautiful tourist beach destinations such as Perdido Key, Pensacola Beach, Gulf Breeze, and Navarre Beach.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2004
Construction/Siding: Brick/Aluminum Siding, Metal Siding
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,061 56,721 130,343
Median Age: 42.13 39.07 37.68
Households: 2,382 23,633 49,945


Photograph of Listing Agent

Robert Bell

Bellcore Commercial LLC Gulf Coast CMLS Member
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