Catylist ID:
#30826951
Fully Leased Industrial Investment
Industrial
for Sale
Sale Pending
| Catylist Listing ID: | 30826951 |
| Property Subtypes: | Net Leased |
| Status: | Pending |
| Building Size (RSF): | 14,392 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 0.67 Acres |
| Sale Price: | $1,350,000 |
| Unit Price: | $93.80 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Net Leased Investment (NNN), Investment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 8.0% |
| Last Updated: | 3/4/2023 |
Overview / Comments
|
Investment property offered at an 8% cap rate! The complex is a multi-tenant building which includes two parcels totalling .67 acres. With over 14,000 total square feet, there are 7 roll up doors, two of which are dock high. Tenants include a retail/thrift store, a storm shutter company, a car restoration business, and a pool cleaning and supply company. Many upgrades have been recently made including a new metal roof and skylights in 2022, interior and exterior painting, and LED lighting. The property is close to downtown Pensacola and has easy access to I-110, connecting to I-10. Neighboring properties include a mix of retail, light industrial and multifamily residential properties. Zoning is C-1 and C-3 in the City of Pensacola. Property is located in an Opportunity Zone. Please contact the listing agents to schedule a site visit in order to avoid disturbing the tenants. |
Additional Details
| Nearest MSA: | Pensacola-Ferry Pass-Brent |
| County: | Escambia |
| Tax ID/APN: | 000S009060007076 and 000S009060005076 |
| Zoning: | C-1 AND C-3 |
| Highway Access: | 1.5 miles to I-110 |
| Tenancy: | Multiple Tenants |
| Year Built: | 1977 |
| Year Renovated: | 2022 |
| Parking Description: | Paved parking is along the front and west side of the buildings. Additional parking is available in the unpaved portion of the property on the east side. |
| Zoning Description: | C-1 and C-3 zoning. See letter from City of Pensacola for additional information. |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 8,547 | 67,455 | 147,981 |
| Median Age: | 40.34 | 38.05 | 38.07 |
| Households: | 3,726 | 27,502 | 57,403 |
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