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Downtown Pensacola Class A Office

25 W Cedar St, Pensacola, FL 32502

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For Sale

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Premier waterfront office building with scenic views in downtown Pensacola.

Type:OFFICE

Property size:

69,213 SF

Lot size:

0.46 Acres

Price / SF:

$202/SF

HighLights

Prime, Class A office space in Downtown Pensacola
Premier waterfront location with scenic views of Pensacola Bay, Palafox Pier Marina, and Plaza de Luna Park
Ample parking with a ratio of 4 spaces per 1,000 SF in a covered garage
Located within walking distance of downtown restaurants and social scene
Comprised of +/- 69,000 SF of commercial office space
Walking distance to Blue Wahoos Stadium, theater/arts district, and shopping

We can help!

Listing Contact

Harry Bell

For Sale

Contact for pricing

Premier waterfront office building with scenic views in downtown Pensacola.

Type:OFFICE

Property size:

69,213 SF

Lot size:

0.46 Acres

Price / SF:

$202/SF

Added:: Nov 2, 2022
Days on Market:: 1328
Last Refresh:: Apr 5 at 8:22 pm

Property Features for 25 W Cedar St

General Information

Standard status: Active
Size: 69,213 SF
Lot size: 0.46 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Harry Bell

Listing agent Harry Bell License #BK3026917

Listing office Bellcore Commercial LLC

Listing date Nov 2, 2022

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Bellcore Commercial LLC

HighLights

Prime, Class A office space in Downtown Pensacola
Premier waterfront location with scenic views of Pensacola Bay, Palafox Pier Marina, and Plaza de Luna Park
Ample parking with a ratio of 4 spaces per 1,000 SF in a covered garage
Located within walking distance of downtown restaurants and social scene
Comprised of +/- 69,000 SF of commercial office space
Walking distance to Blue Wahoos Stadium, theater/arts district, and shopping

Overview

This Class A office space is located in downtown Pensacola. Harbourview on the Bay is a waterfront office building offering views of Pensacola Bay, Palafox Pier Marina, and Plaza de Luna Park. The building includes approximately 69,000 square feet of commercial office space across 6 floors. It features a 74,000 square foot covered garage structure, providing a parking ratio of 4 spaces per 1,000 square feet. The building also has 2 elevators and shared bathrooms. The property is located near restaurants and social venues, as well as the Blue Wahoos Stadium, the theater and arts district, shopping, and other entertainment options.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$1.74M	$25.08
− Vacancy	−$179.5k	−$2.59
EGI	$1.56M	$22.49
− OpEx	−$389.1k	−$5.62
NOI	$1.17M	$16.87

69,213 SF · lease $25.08/SF/yr · vacancy 10.34% · expense 25.00%

Alternative Uses

Best Use

Office B

$16.68M

$14.59M – $19.45M (±1% cap)

NOI $1,167,280 @ 7.0% cap · market cap 8.34%

Second Best

—

no second resolved use

Theoretical Best

Office A

$20.31M

$17.77M – $23.70M (±1% cap)

NOI $1,421,916 @ 7.0% cap · market cap 10.16%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Hometown Properties of the Gulf ... Real Estate Agent NOLA Lending Group, ... Loan Service HDR Construction Company Ch2m Pensacola Civil Engineer Flores & Flores, P.A. Accounting Firm

Suggested Use

Location Insight

Map
Local Demand

City: Pensacola
County: Escambia
State: Florida
Longitude: -87.2151
Latitude: 30.4064

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For sale
Office buildings
FL
Pensacola
32502
25 W Cedar St

What type of property is this?

Office building - Premier waterfront office building with scenic views in downtown Pensacola.

Where is this office building located?

The property is located at 25 W Cedar St Pensacola, FL.

What is the asking price?

The asking price for this property is $14,000,000.

What are key features of this property?

This property features: Prime, Class A office space in Downtown Pensacola; Premier waterfront location with scenic views of Pensacola Bay, Palafox Pier Marina, and Plaza de Luna Park; Ample parking with a ratio of 4 spaces per 1,000 SF in a covered garage

25 W Cedar St, Pensacola, FL 32502

Premier waterfront office building with scenic views in downtown Pensacola.

Property Features for 25 W Cedar St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

New Construction Duplex Investment Opportunity

Single-Story Brick Ranch Home

Freestanding QSR with Drive-Thru

Quadplex with Flex Space

New Construction Duplex Investment Opportunity

New Construction Duplex Near Downtown

Value-Add Commercial Property For Sale

Free-Standing Building on 1.68 Acres

New Construction Duplex Near Downtown

Pensacola Restaurant - $1.5M

Turn-Key Bar Live Entertainment Venue

Four-Unit Residential Income Property

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