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Smart Smiles Orthodontics & Wild Smiles 3201 Olive Rd 4,514 SF 100% Leased Office Building Pensacola, FL 32514 $1,753,846 ($388.53/SF) 6.50% Cap Rate
Investment Highlights
- The property underwent a significant 2023 interior renovation including a full gut remodel with new sheetrock, updated finishes, fixtures
- The property features a specialized dental buildout with significant dental-specific infrastructure and tenant improvements in place
- Located within a dense residential area of Pensacola with strong surrounding household density and a large family-oriented population base
- The property operates under an absolute NNN lease structure with above-market 3% annual rental increases
- The property is strategically positioned along E Olive Road within an established Northeast Pensacola healthcare corridor with convenient access
- The property offers convenient access to major Pensacola thoroughfares including Interstate 10
Executive Summary
Kyle Matthews
Matthews Real Estate Investment Services, Inc
BK3554632, CQ1066435 (FL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matthews Real Estate Investment Services, Inc
BK3554632, CQ1066435 (FL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,514 SF
Building Class
C
Year Built
1991
Price
$1,753,846
Price Per SF
$388.53
Cap Rate
6.50%
NOI
$114,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,514 SF
Building FAR
0.21
Lot Size
0.50 AC
Zoning
R-4
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Great smiles of the Emerald Coast
- -
- -
- -
- -
- Smart Smiles Orthodontics
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Great smiles of the Emerald Coast | - | - | - | - | ||
| Smart Smiles Orthodontics | Health Care and Social Assistance | - | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 17-1S-30-3102-001-001 | Improvements Assessment | $652,289 |
| Land Assessment | $44,100 | Total Assessment | $696,389 |
Property Taxes
Parcel Number
17-1S-30-3102-001-001
Land Assessment
$44,100
Improvements Assessment
$652,289
Total Assessment
$696,389
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Smart Smiles Orthodontics & Wild Smiles | 3201 Olive Rd
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