21 Garden St, Pensacola 32502
| Map This PropertyListing Information
| Property Type: Commercial Sales |
| MLS #: | 561972 | Price: | $7,800,000.00 | Year Built: | 1964 | Square Feet: | 48089 | Bedrooms: | Not available | Bathrooms: | Not available |
| HOA Fees: | Not available | Lot Size: | 1.63 acres | Lot Dimensions: | 150 X 480 |
Subdivision: Not available
Description:
The Wells Fargo Bank Building (f/k/a The Wachovia Bank Building) is located in Downtown Pensacola at the southeast corner of East Garden Street and Jefferson Street. The Wells Fargo Building is currently 97% occupied with long-term credit tenants including Wells Fargo Bank (13,605 rentable square feet), the United States Attorney`s Office (30,388 rentable square feet), and several executive office suites on the second floor. The current net operating income is approximately $830,000, which equates to a Cap Rate of 10.63%. The U.S. Attorney`s Office recently signed a new 10-Year lease agreement. In addition, the landlord just spent +/-$790,000 on tenant improvements for the U.S.A.O. space on the 3rd, 4th, and a portion of the 2nd Floor that they occupy. The owner also completed $84,000 on restoring the original exterior facade of the building and waterproofing the windows. The property includes 1.65 acres with teller lines for Wells Fargo Bank and more than enough parking to accomodate the tenants. Please call for detailed financials, lease terms and to setup a tour of the Building.
Photos
Features
Condition:Sold As-is
Request More Information
Here you can request more information about this listing or schedule a showing. Simply fill out this short form with your name, email address, and phone number (optional), as well as your question, and a response will be returned to you shortly.
Items marked with a red star (*) are required.
Map This Property
This listing provided courtesy of Counts Real Estate Group Inc.
This information was last updated on 2/15/2012 10:34:24 AM.
All information in this listing is approximate. Buyers are expected to verify any specific information prior to signing any contract. Neither Brandon Jordan, Coldwell Banker, ECAR, nor any other Realtor is liable for any inaccuracies herein.
All listings are provided courtesy of the Emerald Coast Association of Realtors, copyright 2012. All rights reserved.
