Net Income Climate Controlled Warehouse

Industrial for Sale
Also listed as Office
Catylist Listing ID: 30835546
Property Subtypes: Flex Space, Light Industrial, Net Leased, Research & Development, Warehouse/Distribution
Building Size (RSF): 5,000 SF
Gross Land Area: 0.88 - 1.80 Acres
Sale Price: $800,000
Unit Price: $160 PSF
Ceiling: 16 ft. / 12 ft. Clear
Office SF: 1,700 SF
Drive In Bays: 1 Bay
Property Use Type: Net Leased Investment (NNN)
Building Name: 89 Hood Dr. Climate Control
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Average Occupancy Rate: 100
Last Updated: 2/27/2024

Overview / Comments

100% Leased until 2025. 8% CAP.
Climate Control Warehouse with private offices and reception area of Approx 1700 SF.
Remainder of space encompasses Warehouse portion. In excellent condition and features Warehouse Mngr's office, Kitchen area, storage, and Crew bath and Shower.
Automatic roll up door of 14'X12'. The front office has 2 executive office spaces with 2 adjoining bathrooms.
The property abuts a 3+/- Acre, deep stormwater retention basin, fully fenced off.
Parking at Office frontage. Beyond automated front gate is truck parking field, large truck accessible. Laydown yard with ease of access, two gated points of Ingress/Egress off of Hood Drive & Caro Street.
Contiguous 1+ Ac is an available Assemblage offering expanded Laydown and direct access to North Palafox Hwy. with additional Office & storage Property also Available For Sale/Lease.

Current Tenants

Is Renting? Yes

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County, FL
Tax ID/APN: 111S301101090280
Zoning: HC/LI HEAVY COMMERCIAL AND LIGHT INDUSTRIAL SEC. 3-2.11
Property Located Between: Pensacola Blvd Hwy 98 and North Palafox Hwy
Highway Access: Immediate to Higheway 29 and Nine Mile Road Hwy 90 and Interstate 10
Site Description: More than an Acre of laydown yard available
Area Description: Ensley core commercial area located between Nine Mile Road Hwy 90 and Interstate 10
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,000 SF
Property Condition: Excellent
Year Built: 2008
Year Renovated: 2008
Construction/Siding: Brick
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Open Warehouse space in Excellent condition. Sealed Flooring.
Zoning Description: County Zoning HC/LI Heavy Commercial and Light Industrial Sec. 3-2.11
Lot Frontage: 80+'
Lot Depth: 296'
Legal Description: Escambia County Property Appraiser 111S301101090280 - Full Legal Description BEG AT INTER OF S LI OF LT 28 AND E R/W LI OF NEW LOCATION OF ST RD NO 95 S 88 DEG 3 MIN E ALG S LI OF LT 894 21/100 FT FOR POB CONT SAME COURSE 80 79/100 FT N 01 DEG 57 MIN E 140 FT N 88 DEG 3 MIN W 80 79/100 FT S 1 DEG 57 MIN W 140 FT TO POB PART OF LT 28 S/D PLAT DB 102 P 487 OR 7173 P 1969

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,155 51,565 119,373
Median Age: 39.47 39.46 37.93
Households: 2,391 21,376 47,116

Contact

Photograph of Listing Agent

Phil Sherrill

Beau Box Florida LLC Gulf Coast CMLS Member
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