5043 Bayou Blvd - Medical FOR SALE


Pensacola, FL 32503
$2,800,000 USD
404-876-1640
5043 Bayou Blvd, Pensacola, FL for Sale
$2,800,000 USD
Medical - FOR SALE
1/7
null | 7.5% Cap Rate

5043 Bayou Blvd
Pensacola, FL 32503


HIGHLIGHTS

  • Two buildings totaling ±7,435.5 SF buildings on just under an acre. WALT: The weighted average lease term is 7 years.
  • 63% leased by 3 high-credit sticky government tenants. 37% leased by 2 internet resistant wellness tenants.
  • Tenants benefit from retail type exposure on Bayou Boulevard. Traffic count 35,500 average per day.
  • New lighted monument sign promoting tenants. Included billboard has 17 years remaining on the lease.
  • $1 million renovation including new roof, exterior paint and lighting
  • All leases initiated or renewed post Covid

OVERVIEW

Opportunity to acquire a multi-tenant fully leased office complex with three government tenants and two wellness tenants. The property provides tenant’s retail type exposure with 30,500 average cars per day and new monument signage. The property is in excellent condition with over $1 million dollars of capital improvements completed in the past year and half. The property is well located on Bayou Boulevard 1.4 miles from the Pensacola International Airport and less than a mile from Interstate 110.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$377 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Armed Forces Anchored Multi-Tenant Office

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

C-1

APN/PARCEL ID

33-1S-30-7200-000-023

ASK ABOUT THIS PROPERTY

Michael BullBull Realty Inc.More Info
404-876-1640

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Michael BullBull Realty Inc.More Info
404-876-1640

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.