Owner/Occupy plus rental income!

Industrial for Sale
Catylist Listing ID: 30856650
Property Subtypes: Flex Space, Manufacturing, Light Industrial, Net Leased, Warehouse/Distribution
Building Size (RSF): 40,536 SF
Gross Land Area: 2.18 Acres
Sale Price: $3,950,000
Unit Price: $97.44 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/15/2023

Overview / Comments

Have the best of both worlds with this industrial property - occupy as an owner, but also receive an income stream from stable tenants. This centrally-located property includes over 2 acres of land and is easily accessed from I-110 and other major roads in Pensacola. Zoning is C-3 in the City of Pensacola, which allows for a wide range of light industrial uses.

There is over 25,000 sf of warehouse space available for immediate occupancy for your business. Two grade level doors and one dock-well door provide access to this unit. There are two offices and a restroom, as well.

Three other tenants provide income for the owner of this property. A detailed rent roll is available upon request, but the annual income is over $133,000 per year. All leases are NNN and have 3% annual escalations.

This property has received so many upgrades including either a new roof or new roof coatings, exterior paint, LED lighting, and a freshly sealed parking lot. Rear yard and front parking lot are fully gated.

Please do not disturb any of the tenants. Showings must be scheduled in advance to provide notice to the current tenants. Contact Susan Carroll at 850-384-8292 or Jana Alarid at 850-529-6459 for more information or to schedule a showing.

Attachments & Media

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 000S009010001136
Zoning: C-3
Highway Access: Less than half a mile to I-110 and ten minutes to I-10
Site Description: Multi-tenant industrial complex
Tenancy: Multiple Tenants
Total Number of Buildings: 4

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,846 69,569 144,732
Median Age: 40.97 38.26 38.61
Households: 4,774 27,650 58,759


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