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Mark
Taylor Properties and
RE/MAX Horizons Realty |
One University
Plaza |
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Offering Summary
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Listing Status: |
Active |
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Property Type: |
Office |
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Subtype: |
Office Building |
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Address: |
7282 Plantation Road |
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Pensacola, FL 32504 |
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United States |
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County: |
Escambia |
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Price: |
$3,300,000 |
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Down Pmt: |
$495,000 |
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Sq. Feet: |
42,355 |
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Lot Size: |
1.81 acr. |
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No. of Tenants: |
13 |
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Occupancy: |
95 % |
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Use Type: |
Investment |
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Investment: |
Cap Rate: |
9.46% |
actual |
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Factors: |
Cash-on-Cash: |
22.25% |
actual |
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Price/ Sq. Feet: |
$77.91 |
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Built: |
1989 |
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Last Verified: |
19 Mar 2003 |
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Property Description |
| One University is a package sale with 501 Bel Air.
One University Plaza office building is a very attractive four story class
“A” type multi tenant office building located at the rear of University
Mall. The first floor of the building is well appointed with marble floors
and twin elevators serving the upper three floors. A portion of this area is
open to two stories creating a large open, attractive area. The typical
finish of the interior of the tenant space is attractive and functional for
office use. It includes painted sheet rock, commercial carpet flooring,
suspended acoustical tile, recessed fluorescent lighting and central heating
and air conditioning. There are two bathrooms on each floor common to the
tenants on each of these floors. These bathrooms are tile finished and
suitable in size and attractive. Signage and exposure is good due to it's
corner location and large open expand of the rear parking area behind
University Mall. Overall, the building is considered to be an attractive
office building for this area and competitive with other professional office
buildings in the northeast market of Pensacola. |
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