For Sale
$1,050,000

6160 Davis HwyPensacola, FL 32504

High-yield medical office, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a stabilized medical office building located at 6160 N Davis Hwy, Pensacola, FL 32504, within Escambia County. The property, encompassing 4,250 square feet across two units, is 100% occupied by OptumServe Health Services under a triple-net (NNN) lease expiring November 30, 2027, with a five-year renewal option. The current annual net operating income (NOI) stands at $70,700, yielding a compelling 6.73% capitalization rate. Built in 1985, this single-building property benefits from annual rent bumps of 3.5%, ensuring consistent income growth. The asking price is $1,050,000 and is structured for a 1031 exchange. This presents a rare chance to acquire a stable, high-performing asset with a quality national tenant, providing long-term financial security and potential appreciation. The property is ideally suited for investors seeking a secure, high-yield investment in the thriving Pensacola medical market. This is a turnkey investment opportunity with minimal management requirements.

Highlights

  • $1,050,000 asking price for a stabilized medical office investment.
  • NNN lease with Optum/OptumServe, expiring 11/30/2027, with a 5-year option.
  • 4,250 square feet, 100% occupancy, generating $70,700 NOI and a 6.73% cap rate.
  • 3.5% annual rent bumps.
  • Located at 6160 N Davis Hwy, Pensacola, FL 32504.

Property Details for 6160 Davis Hwy

Property type
Office properties, Medical offices
Square Feet
4,250 SF
Year Built
1985
Buildings
1
Units
2

Location Insight

City
Pensacola
County
Escambia
State
Florida
Latitude
30.487091874236
Longitude
-87.22242226065
6160 Davis Hwy, Pensacola, Florida

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6160 Davis Hwy
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