Catylist ID:
#30831932
Value-Add Flex/Storage Investment Opportunity
Retail-Commercial
for Sale
Sale Pending
| Catylist Listing ID: | 30831932 |
| Property Subtypes: | Free-Standing Building, Mixed Use |
| Status: | Pending |
| Building Size (RSF): | 48,553 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $3,350,000 |
| Unit Price: | $69 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Vacant/Owner-User |
| Sale Terms: | Undisclosed |
| Cap Rate: | Undisclosed |
| Last Updated: | 7/11/2024 |
Overview / Comments
|
Investment opportunity at a strategically positioned property located just off the Fairfield exit to I-110 in Pensacola, FL. This 48,553 SF facility comprises 8 buildings, offering a compelling mix of income-generating assets: Flex Buildings: Over 95% leased with a diverse tenant base including industries like flooring, general construction, pest control, and paper supply. Anchor tenant Jones Flooring recently signed a long-term lease, ensuring stability and consistent rental income. Storage Facility: Featuring 127 self-storage units, currently 6 units occupied with significant upside potential. Previous owner usage for inventory storage presents a unique opportunity to increase occupancy and capture market rents. Contact broker for Rent Roll |
Additional Details
| Nearest MSA: | Pensacola-Ferry Pass-Brent |
| County: | Escambia |
| Tax ID/APN: | 052S301001005001 |
| Zoning: | HC/LI |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 9,493 | 80,274 | 165,312 |
| Median Age: | 35.8 | 37.85 | 38.56 |
| Households: | 3,000 | 31,664 | 67,501 |
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