Value-Add Flex/Storage Investment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30831932
Property Subtypes: Free-Standing Building, Mixed Use
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: 6/13/2024

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

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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

Contact

Photograph of Listing Agent

Kylle Shoemaker

Stirling Pensacola Gulf Coast CMLS Member
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