Value Add Self Storage Opportunity

Industrial for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30831935
Property Subtypes: Self Storage
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: 6/14/2024

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.

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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


Photograph of Listing Agent

Kylle Shoemaker

Stirling Pensacola Gulf Coast CMLS Member
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