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
About this deal
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.
The retail sale at 5048 Bayou Boulevard, Pensacola, Florida 32503, United States in Pensacola, Florida sold for $2.9M in 2022. 5048 Bayou Boulevard, Pensacola, Florida 32503, United States is classified as Retail on Traded. Alan Lipsky, Barry Wolfe, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Pensacola, Florida file for the 5048 Bayou Boulevard, Pensacola, Florida 32503, United States retail sold: pricing, party profiles, and other closed retail comps from the same Pensacola sit in the Market section below. Filter that Pensacola retail set by closing date to see what else sold near 5048 Bayou Boulevard, Pensacola, Florida 32503, United States around 2022. Published consideration for 5048 Bayou Boulevard, Pensacola, Florida 32503, United States is $2.9M, dated 2022. Cite this Marcus & Millichap Sells Retail Property In Pensacola For $2.9M sale when underwriting similar retail product around Pensacola, Florida.
Players
Pensacola Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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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