Owner Occupier or Investment Opportunity

Industrial for Sale
Sale Pending
Also listed as Office
Catylist Listing ID: 30516906
Property Subtypes: Net Leased
Status: Pending
Building Size (RSF): 7,500 SF
Gross Building Area: See Agent
Gross Land Area: 0.95 Acres
Sale Price: $442,500
Unit Price: $59 PSF
Docks/Doors: 2 Doors
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/4/2020

Overview / Comments

7,500 SF Metal building built-in 2003. The property has been well maintained and improved. The property features reception/lobby area, private offices, kitchen, childcare rooms, 4 restrooms, 2 roll-up doors, back up generator and a concrete rear lot with an electric gate.

Based on current NOI, this property yields an 7.93% return on investment or could be perfect for an owner/occupier. A tenant has been in place for 6 years. They are currently on a month to month lease, so new owner would have the option of extending lease or canceling with existing tenant and utilizing as owner occupier.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 211N304400000090
Zoning: HCLI
Property Located Between: 9 1/2 Mile Road and North Palafox
Highway Access: Quick
Area Description: Located in established Gateway Business Park just North of 9 1/2 Mile Road.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2003
Construction/Siding: Metal Siding
Exterior Description: Metal building with attractive brick facade front
Eave Height: 16
Heat Type: Electricity
Heat Source: Central
Interior Description: 100% heated and cooled office/warehouse.
Legal Description: In file.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,733 47,581 93,622
Median Age: 34.74 39.83 38.45
Households: 1,825 18,865 37,704

Contact

Photograph of Listing Agent

Logan Devries, CPM

NAI Pensacola Gulf Coast CMLS Member
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