5043 Bayou Blvd - Medical FOR SALE
Pensacola, FL 32503 |
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
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Armed Forces Anchored Multi-Tenant Office
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
7436
STORIES
1
BUILDING CLASS
C
YEAR BUILT
1980
SPRINKLERS
-
PARKING SPACES
54
LAND DETAILS
LAND ACRES
0.93 AC AC
LAND SF
40,511 SF
ZONING
-
APN/PARCEL ID
33-1S-30-7200-000-023
