For Sale
$720,000

3000 Langley AvePensacola, FL 32504

Pensacola Office, 6.53% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a two-story, 3,200 square foot office building situated on a 1.45-acre lot at 3000 Langley Ave, Pensacola, FL 32504. The property, classified as a Class B, features a brand new five-year net lease with a tenant experiencing consistent growth since 2015, yielding a compelling 6.53% cap rate and a $46,984 NOI. The building boasts a 100% occupancy rate and benefits from recent renovations completed in 2021, creating a modern and attractive workspace. Significant upgrades include a new roof (2020) and HVAC system replacements (2019 & 2022), minimizing future capital expenditure needs. Ample parking is available with 42 spaces, and signage opportunities exist. The property is zoned HDMU and includes a total of 6,704 square feet, with the rentable area comprising 3,200 square feet, priced at $225 per square foot. The asking price is $720,000. This multi-tenant building, constructed in 1985, offers a rare opportunity to acquire high-quality office space in a limited submarket. Detailed operating statements are available upon request.

Highlights

  • 3,200 SF Class B office building on a 1.45-acre lot.
  • New 5-year net lease with a 6.53% cap rate and $46,984 NOI.
  • Established tenant with consistent growth since 2015, resulting in 100% occupancy.
  • Recently renovated (2021) with new roof (2020) and HVAC (2019 & 2022).
  • Ample parking (42 spaces) and signage opportunities.

Property Details for 3000 Langley Ave

Property type
Office properties, Medical offices
Square Feet
6,704 SF
Class
B
Year Built/Renovated
1985/2021
Buildings
1
Stories
2
Lot Size (sq. ft)
63,162 SF
Units
1

Location Insight

City
Pensacola
County
Escambia
State
Florida
Latitude
30.4880133
Longitude
-87.1863451
3000 Langley Ave, Pensacola, Florida

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3000 Langley Ave
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