100% Leased - Downtown Professional Office
Office | 6.57% CAP | 7,492 SqFt
Marketing description
Fully leased single tenant professional office building comprised of 7,492 Square Feet in the booming downtown Pensacola. Perfect for a 1031 exchange. It has Four (4) separate entrances to provide different access for clients, visitors, and employees. Front reception area with small lobby and adjoining restroom. 20 private offices with an additional large conference/private workspace. Large work area with natural light and high ceilings. Four (4) restrooms; including one with a private shower and a large centrally located lounge/break area. Built in 1998, the property sits on 0.55 acres with 28 parking spaces. The tenant has just signed the first 5-YEAR option extension.
Tenant: Children’s Home Society
• Current Lease Term: 2/1/21 – 1/31/24
• Exercised Renewal Term: 2/1/24 – 1/31/29
Email agent to request Lease agreement and Financials.
Investment highlights
Fully leased single tenant professional office building comprised of 7,492 Square Feet in the booming downtown Pensacola. Four (4) separate entrances to provide different access for clients, visitors and employees. Front reception area with small lobby and adjoining restroom. 20 private offices with an additional large conference/private workspace. Large work area with natural light and high ceilings. Four (4) restrooms; including one with a private shower and a large centrally located lounge/break area. Built in 1998, the property sits on 0.55 acres with 28 parking spaces.
Tenant: Children’s Home Society
• Current Lease Term: 2/1/21 – 1/31/24
• Exercised Renewal Term: 2/1/24 – 1/31/29
Email agent to request Lease agreement and Financials.
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