5624-5646 Woodbine Rd - Retail FOR SALE
Pace, FL 32571 |
$5,240,000 USD
305-395-6972
5624-5646 Woodbine Rd
Pace, FL 32571
HIGHLIGHTS
- The asset is currently 89.9% occupied with one vacant ±2,600 SF suite, offering immediate upside through lease-up and rent optimization.
- This structure allows for repositioning, tenant upgrades, and re-tenanting at current market rates rather than being locked into legacy leases.
- In-place rents average approximately $13.30 PSF, while comparable neighborhood retail in the Pensacola–Pace market area supports higher asking rents.
- Stone Brook Plaza is strategically positioned adjacent to a Publix-anchored shopping center, benefiting from consistent daily traffic.
- The majority of tenants operate under triple-net (NNN) lease structures, providing reimbursement of taxes, insurance, and CAM expenses.
- Pace is a rapidly growing suburban community within the Pensacola MSA, supported by residential expansion and commuter demand.
FOR SALE DETAILS
PRICE
$5,240,000 USD
PRICE/SF
$204 USD /SF
CAP RATE
5.65%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Stone Brook Plaza
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2002
SPRINKLERS
-
PARKING SPACES
75
LAND DETAILS
LAND ACRES
4.34 AC
LAND SF
189,050 SF
ZONING
HCD
APN/PARCEL ID
32-2N-29-0000-00601-0000
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305-395-6972
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305-395-6972
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