
Description
Built in 2006, this high visibility 4,800 square foot office space is situated on a corner where Highway 29 merges with Palafox Street. The property is adjacent to Advance Auto Parts. DR Horton occupies the entire building and will be moving this year. The building is divided into three spaces of 1,200 square feet, 1,200 square feet and 2,400 square feet. This is a great opportunity for a user or investor searching for a prime location. Currently three spaces occupied by owner, with a projected income of $13/psf NNN, equating to a cap rate of 9.57%.
-
0BEDS
-
0.65ACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
Built in 2006, this high visibility 4,800 square foot office space is situated on a corner where Highway 29 merges with Palafox Street. The property is adjacent to Advance Auto Parts. DR Horton occupies the entire building and will be moving this year. The building is divided into three spaces of 1,200 square feet, 1,200 square feet and 2,400 square feet. This is a great opportunity for a user or investor searching for a prime location. Currently three spaces occupied by owner, with a projected income of $13/psf NNN, equating to a cap rate of 9.57%.
© 2021 by the Multiple Listing Service of the Pensacola Association of REALTORS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. Data last updated: 2021-01-24T08:42:03.807.