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Mark Taylor Properties and
RE/MAX Horizons Realty
One University Plaza   
  Offering Summary
 

Listing Status: 

Active

Property Type: 

Office

Subtype: 

Office Building

Address: 

7282 Plantation Road

 

Pensacola, FL 32504

 

United States

County:

Escambia

Price: 

$3,300,000 

Down Pmt: 

$495,000 

Sq. Feet: 

42,355 

Lot Size: 

1.81 acr. 

No. of Tenants: 

13 

Occupancy: 

95 %  

Use Type: 

Investment 

Investment: 

Cap Rate:   9.46%  actual 

Factors: 

Cash-on-Cash:   22.25%  actual 

 

Price/ Sq. Feet:   $77.91 

 

Built:  1989 

Last Verified: 

19 Mar 2003 

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.

Detailed Package