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5043 Bayou Blvd
Pensacola, FL 32503
Armed Forces Anchored Multi-Tenant Office · Office Property For Sale
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
Property Facts
Property Type
Office
Property Subtype
Medical
Building Size
7,436 SF
Building Class
C
Year Built
1980
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,436 SF
Building FAR
0.18
Lot Size
0.93 AC
Zoning
C-1 - Commercial
Parking
54 Spaces (7.26 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 33-1S-30-7200-000-023 | Improvements Assessment | $653,676 |
| Land Assessment | $810,220 | Total Assessment | $1,463,896 |
Property Taxes
Parcel Number
33-1S-30-7200-000-023
Land Assessment
$810,220
Improvements Assessment
$653,676
Total Assessment
$1,463,896
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