For Sale
$725,000

9050 University PkwyPensacola, FL 32514

Single-tenant, high-cap-rate medical building.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a single-tenant medical office building located at 9050 University Parkway, Pensacola, Florida, 32514. The property, built in 1996, offers 2,912 net rentable square feet within a total of 3,195 square feet, situated on a 0.46-acre lot. Currently operating at 100% occupancy, the building boasts a strong net operating income (NOI) of $55,000, yielding an attractive 7.59% cap rate. The property is classified as a Class C, single-story building with 25 parking spaces and is zoned HDMU. The asking price is $725,000, translating to a price per square foot of $248.97. This is a Net Lease (NNN) investment with a single tenant in place. An adjacent 0.3-acre lot is also available for separate purchase. The property's location in Escambia County benefits from a robust local economy, with low unemployment rates and high demand for medical office space. This presents a compelling opportunity for investors seeking a stable, high-yield investment in a thriving market. The property's APN is 141S303301002002.

Highlights

  • 7.59% Cap Rate
  • 5% Annual Rent Increases
  • Strong Credit Tenant
  • $55,000 Net Operating Income (NOI)

Property Details for 9050 University Pkwy

Property type
Office properties, Medical offices
Square Feet
3,195 SF
Class
C
Year Built
1996
Buildings
1
Stories
1
Lot Size (sq. ft)
20,038 SF

Location Insight

City
Pensacola
County
Escambia
State
Florida
Latitude
30.52696918
Longitude
-87.22118643
9050 University Pkwy, Pensacola, Florida

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9050 University Pkwy
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