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Harbourview on the Bay 25 W Cedar St

69,213 SF 81% Leased 4-Star Office Building Pensacola, FL 32502 $14,000,000 ($202/SF) 7.64% Cap Rate

Investment Highlights

  • 300 Space Covered Parking Structure
  • Partitioned Offices
  • Increase Parking Revenue: leasing for weekend events downtown
  • Excellent Downtown Location
  • Controlled Access

Executive Summary

Prime Investment triple net opportunity in Pensacola!

Data Room Click Here to Access

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
69,213 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1986/2022
Price
$14,000,000
Price Per SF
$202
Cap Rate
7.64%
NOI
$1,070,277
Percent Leased
81%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
11,536 SF
Slab To Slab
11’
Building FAR
3.45
Lot Size
0.46 AC
Zoning
WRD
Parking
300 Spaces (4.33 Spaces per 1,000 SF Leased)

Amenities

  • Controlled Access
  • Partitioned Offices
  • Recessed Lighting
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 101
  • 4,804 SF
  • Office
  • -
  • Now
  • 1st Fl-Ste Mezzanine
  • 8,266 SF
  • Office
  • -
  • Now
Space Size Space Use Condition Available
1st Fl-Ste 101 4,804 SF Office - Now
1st Fl-Ste Mezzanine 8,266 SF Office - Now

1st Fl-Ste 101

Size
4,804 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste Mezzanine

Size
8,266 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 101

Size 4,804 SF
Space Use Office
Condition -
Available Now

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00-0S-00-9100-002-034
Land Assessment
$717,624
Improvements Assessment
$8,960,982
Total Assessment
$9,678,606
  • Listing ID: 27214821

  • Date on Market: 11/30/2022

  • Last Updated:

  • Address: 25 W Cedar St, Pensacola, FL 32502

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