Armed Forces Anchored Multi-Tenant Office + Billboard | 7.5% Cap Rate

5043 Bayou Blvd, Pensacola, FL 32503

  • For Sale $2,800,000
  • 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 12, 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

Contacts

broker

Michael Bull, CCIM

Bull Realty

Location

Getting Around

  • Walk Score ®

    62/100 Somewhat Walkable

  • Transit Score ®

    28/100 Some Transit

  • Bike Score ®

    34/100 Somewhat Bikeable
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

  • Chick-fil-A

    0.05 miles

  • Shanghai II

    0.09 miles

  • McDonald's

    0.10 miles

  • Santino's Pizza & Grinders

    0.10 miles

  • Chicken Salad Chick

    0.11 miles

  • Newk's

    0.12 miles

  • Olive Garden

    0.12 miles

  • Sushi Masa

    0.15 miles

  • KFC

    0.15 miles

  • Whataburger

    0.15 miles

  • Pensacola State College

    0.72 miles

  • Booker T. Washington High School

    0.90 miles

  • Holm Elementary School

    0.99 miles

  • Workman Middle School

    1.08 miles

  • Petree School

    1.15 miles

  • Cordova Park Elementary School

    1.16 miles

  • Mahoney School

    1.30 miles

  • Jehovah Lutheran School

    1.41 miles

  • Pensacola Christian College

    1.46 miles

  • O. J. Semmes Elementary School

    1.48 miles

  • Kinder Care Learning Center

    1.43 miles

  • Kid's Klub

    3.03 miles

  • Brite Start Learning & Child Care Center

    4.95 miles

  • Malena's Mini School

    5.70 miles

  • Kid's Place Learning Center

    5.94 miles

  • PCN Preschool/Daycare

    8.09 miles

Frequently Asked Questions

How much does Armed Forces Anchored Multi-Tenant Office + Billboard | 7.5% Cap Rate cost?

The space currently listed for sale at Armed Forces Anchored Multi-Tenant Office + Billboard | 7.5% Cap Rate asks for $2,800,000.

What is the total square footage of Armed Forces Anchored Multi-Tenant Office + Billboard | 7.5% Cap Rate?

Armed Forces Anchored Multi-Tenant Office + Billboard | 7.5% Cap Rate totals 7,435 square feet.

When was this property built?

Armed Forces Anchored Multi-Tenant Office + Billboard | 7.5% Cap Rate was built in 1980.

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Contact Listing Broker

broker

Michael Bull, CCIM

Bull Realty