Value Add Self Storage Opportunity
Industrial
for Sale
Sale Pending
Also listed as Retail-Commercial
| Catylist Listing ID: |
30831935 |
| Property Subtypes: |
Self Storage
|
| Status: |
Pending |
| Building Size (RSF): |
27,625 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$1,350,000 |
| Unit Price: |
$48.87 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Sale Terms: |
Undisclosed |
| Cap Rate: |
Undisclosed |
| Last Updated: |
10/9/2024 |
Overview / Comments
|
Stirling Properties is pleased to present for sale 10 E Fairfield Dr. This value add opportunity sits at the signalized corner of Palafox St & Fairfield Dr. The property is comprised of 6 freestanding buildings, consisting of roughly 7,176 SF of Office-Flex space & roughly 20,500 SF of temperature controlled (4/5 Bldgs) self-storage. The subject property experiences a combined average annual daily traffic count of over 50,000 according to FDOT. The large residential communities Woodland Heights, Highland Terrace, Lakeview, and Cordova Park are situated just minutes west of the property. Apartment developments such as Pensacola Village Apartments, Courtyard Apartments at Cordova, and Cordova Regency also provide demand side pressure for self storage use in the immediate area.
|
Additional Details
| Nearest MSA: |
Pensacola-Ferry Pass-Brent |
| County: |
Escambia |
| Tax ID/APN: |
162S301001004010 |
| Zoning: |
HC/LI |
| Highway Access: |
I-110 |
| Airports: |
PNS |
| Tenancy: |
Multiple Tenants |
| Number of Stories: |
1 |
| Property Condition: |
Good |
| Year Built: |
1995 |
| Construction/Siding: |
Metal Siding |
| Parking Type: |
Surface |
| Air Conditioning: |
Other |
| Zoning Description: |
The heavy commercial and light industrial (HC/LI) district establishes appropriate areas and land use regulations for a complementary mix of industrial uses with a broad range of commercial activities. The primary intent of the district is to allow light manufacturing, large-scale wholesale and retail uses, major services, and other more intense uses than allowed in the commercial district. The variety and intensity of non-residential uses within the HC/LI district is limited by the applicable FLU and their compatibility with surrounding uses. All commercial and industrial operations are limited to the confines of buildings and not allowed to produce undesirable effects on other property. To retain adequate area for commercial and industrial activities, other uses within the district are limited. |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
9,493 |
79,234 |
165,312 |
| Median Age: |
35.8 |
37.87 |
38.56 |
| Households: |
3,000 |
31,317 |
67,501 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
Moody's assume any liability for errors or omissions.
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