Cordova Square Pair of Suites
Revenue generating property in a prime Pensacola location
Marketing description
Property Description
Beau Box Commercial is pleased to present this rare owner-user or investment opportunity in the heart of Pensacola’s premier office corridor. Located on Bayou Boulevard near Cordova Mall, Ascension Sacred Heart Hospital, and numerous retail amenities, this property offers outstanding visibility, convenience, and income security.
Suite 27 (2,400 SF) is leased at $4,000/month, providing $48,000/year of in-place income.
Suite 28 (1,200 SF) is vacant and move-in ready, ideal for an owner-user or a new tenant seeking premium Bayou corridor office space.
At the new $850,000 asking price, the asset delivers a 5.6% in-place cap rate and a 9.0% pro forma cap rate once the vacant suite is leased—making this one of the strongest value opportunities currently available in the Bayou Boulevard office market.
Investment highlights
Location Description
Property Overview
Address: 4400 Bayou Blvd, Suites 27 & 28, Pensacola, FL 32503
Total Overall Size: Approx. 3646
Zoning: C-1 (Commercial)
Unit 27:
Located in the heart of Pensacola’s bustling Cordova area, this 2,400 SF professional office condo offers a turnkey investment opportunity in one of the city's most established commercial parks — Cordova Square. Currently leased and generating $4,000/month, this property delivers reliable income with minimal management, making it ideal for investors or those planning a future owner-occupancy.
Unit 28:
-1,200 SF
Prime location in Pensacola, FL
- Appealing architectural design
- High-traffic area
- Spacious interior layout
- Ample parking for customers/clients
- Modern amenities and finishes
- Versatile space for various businesses
- Prominent signage opportunities
- Proximity to major highways and thoroughfares
Highlights
Property Summary – 27 & 28 Bayou Blvd
New Asking Price: $850,000 ($236/SF)
Total Building Size: 3,600 SF (2,400 SF + 1,200 SF)
Zoning: C-1 – Neighborhood Commercial
Income & Cap Rates
Current NOI: $48,000
(Suite 27 leased at $4,000/month)
Pro Forma NOI: ~$72,000
(Assuming Suite 28 leased at market rate)
Cap Rates at New Asking Price
Current Cap Rate: 5.6%
(48,000 ÷ 850,000 = 0.056)
Pro Forma Cap Rate: 8.5%
(72,000 ÷ 850,000 = 0.085)
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