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5624-5646 Woodbine Rd
Pace, FL 32571
Stone Brook Plaza · Retail Property For Sale
Investment Highlights
- Strategically positioned adjacent to a Publix-anchored shopping center
- Situated on an oversized parcel offering future optionality
- Average household incomes exceed $97,000 within a five-mile radius
- All tenants operate under triple-net lease structures
- Located in a rapidly growing suburban community within the Pensacola MSA
- Acquisition basis is below replacement cost
Executive Summary
Stone Brook Plaza is a 100% occupied, ±20,500 SF neighborhood shopping center in Pace, FL, offering a value-add investment opportunity with below-market rents and near-term lease roll-over for mark-to-market upside.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
25,700 SF
Building Class
C
Year Built
2002
Price
$5,240,000
Price Per SF
$203.89
Cap Rate
6.03%
NOI
$316,099
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
4.34 AC
Zoning
HCD
Parking
75 Spaces (3.66 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Restaurant
Property Taxes
| Parcel Number | 32-2N-29-0000-00601-0000 | Improvements Assessment | $1,530,199 |
| Land Assessment | $1,217,778 | Total Assessment | $2,747,977 |
Property Taxes
Parcel Number
32-2N-29-0000-00601-0000
Land Assessment
$1,217,778
Improvements Assessment
$1,530,199
Total Assessment
$2,747,977
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