4501-4551 Davis Hwy - Medical FOR SALE


Pensacola, FL 32503- Southeast Pensacola
$10,734,523 USD
954-295-4534
4501-4551 Davis Hwy, Pensacola, FL for Sale
$10,734,523 USD
Medical - FOR SALE
1/11
null | 6.5% Cap Rate

4501-4551 Davis Hwy
Pensacola, FL 32503
Southeast Pensacola


HIGHLIGHTS

  • Modified net lease with 3% annual rent increases providing predictable income growth
  • Recently extended lease through May 2031 with annual increases doubled from 1.5% to 3.0%
  • ~$500K in recent ownership capital improvements, reducing near-term CapEx exposure
  • ~$800K invested by Ascension in recent interior renovations, reinforcing commitment to the location
  • Mission-critical ±31,600 SF orthopedic campus with 48 exam rooms and nearly 30 providers
  • Located in Pensacola’s primary medical corridor, less than two miles from Ascension Sacred Heart and Baptist hospitals

OVERVIEW

Matthews™ is pleased to exclusively present the opportunity to acquire a ±31,633-square-foot outpatient medical campus leased to Ascension Sacred Heart Health System, the leading healthcare provider in Northwest Florida and a subsidiary of Ascension. The Property consists of three buildings dedicated to orthopedic and musculoskeletal care within Pensacola’s primary healthcare corridor. The investment is secured by a recently extended lease through May 2031 with 3% annual rental increases, providing attractive contractual rent growth and stable cash flow through a modified net lease structure. Ownership has invested approximately $500,000 in recent capital improvements, including roof replacements, HVAC upgrades, fire protection enhancements, and parking lot resurfacing. Ascension has also invested approximately $750,000–$800,000 into the renovation of Building 4551, reducing near-term capital requirements and reinforcing its commitment to the campus. Located less than two miles from Ascension Sacred Heart Hospital and the new Baptist Hospital campus, the Property serves as a key orthopedic and specialty outpatient location with approximately 48 exam rooms and nearly 30 providers, creating a highly strategic facility that would be costly and operationally disruptive to replicate.

FOR SALE DETAILS

PRICE

$10,734,523 USD

PRICE/SF

$133 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ascension Sacred Heart

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office, undefined

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

350

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

C-3

APN/PARCEL ID

48-1S-30-4100-000-005,48-1S-30-4100-000-110,48-1S-30-4100-000-150,48-1S-30-4100-001-001,48-1S-30-4100-001-002,48-1S-30-4100-001-003,48-1S-30-4100-001-006,48-1S-30-4100-002-006

ASK ABOUT THIS PROPERTY

Jake AllenMatthews™More Info
954-295-4534

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Jake AllenMatthews™More Info
954-295-4534

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