Contacts

Michael Bull, CCIM

Bull Realty

Property Details

Property Type Office - General Office
Property Size 7,435 SF
Units 9
Lot Size 0.17 Acre
Additional Rent Contact for pricing
Property Tenancy Multi-Tenant
Building Class B
Year Built 1980
Year Renovated 2024
Date Updated Nov 13, 2024

Pensacola, FLOpportunity 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.

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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
$1million renovation including new roof, exterior paint and lighting
All leases initiated or renewed post Covid

Getting around

62/100
Walk Score ®
28/100
Transit Score ®
34/100
Bike Score ®

Powered by Walk Score ®

City Pensacola, FL
Neighborhood Whispers
Zip Code 32503
Market Pensacola

Points of Interest

Pensacola

3.68 miles

Shell

0.37 miles
Tom Thumb

0.74 miles
RaceWay

1.29 miles
Cumberland Farms

1.70 miles
BJ's Gas

2.05 miles
A & E Food Market

2.16 miles
BP

2.49 miles
Exxon

2.49 miles
Circle K

2.60 miles
ChargePoint

2.67 miles

Parking Lot J

0.24 miles
Parking Lot K

0.29 miles
Bayou Boulevard Garage

0.35 miles
Parking Lot I

0.35 miles
Parking Lot G2

0.41 miles
9th Avenue Garage

0.43 miles
Parking Lot F

0.44 miles
Parking Lot M

0.47 miles
Parking Lot E

0.50 miles
Parking Lot C

0.50 miles

Homewood Suites Pensacola-Arpt (Cordova Mall Area)

0.51 miles
Hampton Inn & Suites

0.60 miles
Residence Inn

0.64 miles
Hilton Garden Inn

0.66 miles
Hyatt Place

0.83 miles
SpringHill Suites Pensacola

1.80 miles
TownePlace Suites Pensacola

1.87 miles
Courtyard Pensacola

1.87 miles
Extended Stay America - Pensacola - University Mall

1.99 miles
Hampton Inn & Suites Pensacola I-10 North at University Town Plaza

1.99 miles

Winn-Dixie

0.16 miles
Dillard's

0.18 miles
Target

0.24 miles
Belk

0.25 miles
Cordova Mall

0.29 miles
Publix

0.30 miles
Ross

0.33 miles
The Fresh Market

0.69 miles
Marshalls

0.71 miles
MEREFA, LLC

0.98 miles

In-Depth Research Available for this Property

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