Armed Forces Anchored Multi-Tenant Office | 5043 Bayou Blvd
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Armed Forces Anchored Multi-Tenant Office 5043 Bayou Blvd
7,435 SF 100% Leased Office Building Pensacola, FL 32503 £2,209,200 (£297/SF) 7.50% Net Initial Yield
Investment Highlights
- Two buildings totaling ±7,435.5 SF buildings on just under an acre. WALT: The weighted average lease term is 7 years.
- Tenants benefit from retail type exposure on Bayou Boulevard. Traffic count 35,500 average per day.
- $1 million renovation including new roof, exterior paint and lighting
- 63% leased by 3 high-credit sticky government tenants. 37% leased by 2 internet resistant wellness tenants.
- New lighted monument sign promoting tenants. Included billboard has 17 years remaining on the lease.
- All leases initiated or renewed post Covid
Executive Summary
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.
The property is well located on Bayou Boulevard 1.4 miles from the Pensacola International Airport and less than a mile from Interstate 110.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
7,435 SF
Building Class
C
Year Built/Renovated
1980/2024
Price
£2,209,200
Price Per SF
£297
Net Initial Yield
7.50%
NOI
£165,690
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
3,095 SF
Building FAR
0.18
Land Acres
0.93 AC
Zoning
C-1
Parking
54 Spaces (7.26 Spaces per 1,000 SF Leased)
Amenities
- Signage
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Cordova Spa Day
- Service type
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- Florida Army National Guard
- Service type
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- U.S. Marine Corps Recruiting
- Service type
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- U.S. Navy Enlisted Recruiting
- Service type
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- Within Women's Wellness
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Cordova Spa Day | Service type | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| Florida Army National Guard | Service type | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| U.S. Marine Corps Recruiting | Service type | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| U.S. Navy Enlisted Recruiting | Service type | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| Within Women's Wellness | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | - |
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PROPERTY TAXES
| Parcel Number | 33-1S-30-7200-000-023 | Improvements Assessment | £476,913 |
| Land Assessment | £640,082 | Total Assessment | £1,116,995 |
PROPERTY TAXES
Parcel Number
33-1S-30-7200-000-023
Land Assessment
£640,082
Improvements Assessment
£476,913
Total Assessment
£1,116,995
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Michael Bull -
Isabel Eiler -
Austin Bull -
Bull Realty Inc.
(404) 876-1640
x101
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Armed Forces Anchored Multi-Tenant Office | 5043 Bayou Blvd
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