Marcus & Millichap Sells Retail Property In Pensacola For $2.9M
5048 Bayou Boulevard, Pensacola, Florida 32503, United States
$2,900,000
Building Size
—
Asset Type
Retail
Closing
Jul 5, 2022
AI
5048 Bayou Blvd in Pensacola has been sold for $2,900,000. The property is a retail asset located in the market of Pensacola. The sale took place on 07/06/2022 and was facilitated by Barry Wolfe and Alan Lipsky of Marcus & Millichap.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,900,000
- Address: 5048 Bayou Blvd, Pensacola
- Market: Pensacola
Barry Wolfe and Alan Lipsky, representing Marcus & Millichap, were the brokers involved in the transaction.
Players
Pensacola Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93