25 Cedar StPensacola, FL 32502

This exceptional Class A office building, Harbourview on the Bay, presents a compelling investment opportunity in the heart of downtown Pensacola, Florida. Boasting 69,213 square feet across six stories, this multi-tenant property currently enjoys 100% occupancy with 27 tenants. The building, constructed in 1986 and extensively renovated between 2017 and 2022, offers stunning waterfront views of Pensacola Bay, Palafox Pier Marina, and Plaza de Luna Park. The asking price is $14,000,000, representing a strong 7.64% capitalization rate and a price per square foot of $202.27. A significant advantage is the ample parking, providing 300 spaces per 1,000 square feet, housed in a 74,000 square foot covered garage structure. Two elevators and shared bathrooms are conveniently located throughout the building. Its prime downtown location places it within easy walking distance of a vibrant restaurant and social scene, the Blue Wahoos Stadium, the theater and arts district, and various shopping and entertainment options. The property's strong NOI of $1,070,277 further underscores its financial stability and potential for continued growth. The lease type is modified, and the property features a single building with the APN 000S009100002034. This is a rare opportunity to acquire a high-performing, well-located, and beautifully maintained Class A office building in a thriving Florida market.