Industrial Investment Opportunity on Davis Hwy

Industrial for Sale
Catylist Listing ID: 30433426
Property Subtypes: Free-Standing, Manufacturing, Light Industrial, Other
Building Size (RSF): 17,110 SF
Gross Building Area: See Agent
Sale Price: $956,147
Unit Price: $55.88 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Undisclosed
Cap Rate: 8.5%
Last Updated: 6/11/2019

Overview / Comments


Beck Partners is pleased to exclusively market for sale a single tenant, industrial sale/leaseback located in Pensacola, FL. The existing owner “Cabinets Direct” has been in the location since 2005 and has agreed to lease the property upon successful execution of a closing for seven years. It will be true triple net lease structure and the offering will included an 8.5% CAP rate. The building is well located just North of Fairfield Drive on Davis Highway in Pensacola, FL and has excellent visibility as well as tremendous access to I-10. The acquisition price of $956,000 makes this a very manageable fit for the investor seeking low risk, modest returns. This 17,110 SF industrial/showroom building has been very well maintained and features a very nice showroom area with updated office space. The building sits on .92 acres and is in excellent condition.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 052S304004000001
Zoning: C-3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,910 80,823 166,718
Median Age: 40.81 38.12 38.01
Households: 3,023 32,453 68,066

Contact

Photograph of Listing Agent

Thomas V McVoy

Beck Partners CRE, LLC Gulf Coast CMLS Member
Photograph of Listing Agent

Stacy Taylor, CCIM

Beck Partners CRE, LLC Gulf Coast CMLS Member
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