3100 W Fairfield Drive, Pensacola, FL 32505 (MLS# 741920)

Contract Info

Listing Board: Emerald Coast List Date: 2015-11-17 List Price: $1,166,113

Location, Tax and Legal

Sub Area: 0804 - 32505 Property Name: Department of Corrections Buil Legal Description: BEG 30 FT W AND 20 FT N OF SE COR OF LT 6 W 200 FT N 220 FT E 200 FT S 220 FT TO POB OR 6247 P 1406 S/D OF SECTION LESS OR 504 P 598 ST RD S 289 A R/W

General Property Info

Listed on GCCMLS: Yes Office Class: B Property Information: GREAT INVESTMENT OPPORTUNITY - Fully leased income producing property. Single-story building has just been completely renovated, as per the specs of the state tenant - Fla. Dept. of Corrections/Probation and Parole Office. Building is in great condition and currently professionally managed. Building contains 35 private offices, large reception/lobby, clerical area, conference room, lounge/break room, and six restrooms. Wired for security and fire alarm. 50 on-site private parking spaces. Vacant: No Lot SqFt: 31779 Immediate Occupancy: No Lot Depth: 220 Zoning: HC/LI Lot Frontage: 200 Acreage: 0.73

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: State just signed a seven-year lease that will not expire until 06/30/2022. CAP:8% - NOI: $93,289. Rent roll and property financials will be provided to qualified investors upon request. Confidentiality Agreement must be signed and returned by interested party

Class

Office: 1

Construction Status

Existing: 1

Office

Building SqFt: 8760 Cap Rate: 8 # of Units: 1

None

Current Price: $700,000

Status Change Info

Status: Sold Under Contract Date: 2016-03-23 Sold Date: 2016-06-27 Sold Price: $700,000

Location Tax and Legal

Area: 08 - Escambia County Street #: 3100 Street Direction: W Street Name: Fairfield Street Suffix: Drive State: FL Zip Code: 32505 County: Escambia Parcel ID: 092S300600000001

Property Features

Class: Office Construction Status: Existing