Fully Leased - Downtown Professional Office

Office for Sale
Catylist Listing ID: 30859655
Property Subtypes: Governmental, Net Leased, Office Building, Other
Building Size (RSF): 7,492 SF
Gross Building Area: See Agent
Gross Land Area: 0.55 Acres
Sale Price: $1,550,000
Unit Price: $206.89 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/5/2023

Overview / Comments

Fully leased single tenant professional office building comprised of 7,492 Square Feet in the booming downtown Pensacola. Perfect for a 1031 exchange. It has Four (4) separate entrances to provide different access for clients, visitors, and employees. Front reception area with small lobby and adjoining restroom. 20 private offices with an additional large conference/private workspace. Large work area with natural light and high ceilings. Four (4) restrooms; including one with a private shower and a large centrally located lounge/break area. Built in 1998, the property sits on 0.55 acres with 28 parking spaces. The tenant has just signed the first 5-YEAR option extension.

Tenant: Children’s Home Society
• Current Lease Term: 2/1/21 – 1/31/24
• Exercised Renewal Term: 2/1/24 – 1/31/29

Email agent to request Lease agreement and Financials.

Attachments & Media

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia county
Tax ID/APN: 000S009070352056
Zoning: C-2
Property Visibility: Good
Parking Description: On-SIte
Total Parking Spaces: 28
Heat Type: Electricity
Heat Source: Central

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,807 54,035 127,992
Median Age: 40.91 39.27 37.64
Households: 4,142 22,697 48,872


Photograph of Listing Agent

Rachel Roberts

Neal & Company, LLC Gulf Coast CMLS Member
Photograph of Listing Agent

Donald Neal, CCIM, SIOR

Neal & Company, LLC Gulf Coast CMLS Member
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