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.

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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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