3225 N L St | Pensacola, FL 32505
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3225 N L St
Pensacola, FL 32505
Retail Property For Sale
Investment Highlights
- Newly renovated.
- Lack of available warehouse/industrial properties on-market in the Gulf Coast region.
- Currently income producing
- This location is highly desirable flag by both investors and consumers alike.
- Located directly off of W Fairfield Dr, N Palafox St, N Pace Blvd, and Hwy 1-110
Executive Summary
Faith Morgan LLC Alliance Real Estate Commercial Real Estate Group has been retained to offer for sale the fee simple interest in the warehouse/industrial property located at 3225 & 3229 N L Street, one of Florida’s most premier coastal areas along the Gulf of Mexico. The property is a recently renovated, multi-unit, Class B warehouse conveniently located in close proximity to a variety of demand generators, including Pensacola, FL; Alabama; Miracle Strip Parkway; Destin, FL; Navarre, FL; Santa Rosa Island; Destin-Ft Walton Beach Airport; Henderson Beach State Park; and Miramar Beach.
The property also presents the opportunity to take control of an exceptional brand (if desired) and scale up operations to competitive set standards through focused, hands-on management and marketing. This warehouse, with over 30 parking spaces, offers investors the opportunity to acquire an up-to-date property in a highly desirable and growing market at a below replacement cost price.
The property also presents the opportunity to take control of an exceptional brand (if desired) and scale up operations to competitive set standards through focused, hands-on management and marketing. This warehouse, with over 30 parking spaces, offers investors the opportunity to acquire an up-to-date property in a highly desirable and growing market at a below replacement cost price.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
21,300 SF
Building Class
C
Year Built
1984
Price
£3,150,800
Price Per SF
£148
Net Initial Yield
3.50%
NOI
£110,278
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.51
Lot Size
0.95 AC
Opportunity Zone
Yes
Zoning
HC/LI - Heavy Commercial and Light Industrial
Parking
30 Spaces (1.41 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Fenced Lot
- Security System
- Signage
- Wheelchair Accessible
- Storage Space
PROPERTY TAXES
| Parcel Number | 09-2S-30-1100-005-238 | Improvements Assessment | £328,732 |
| Land Assessment | £44,899 | Total Assessment | £373,631 |
PROPERTY TAXES
Parcel Number
09-2S-30-1100-005-238
Land Assessment
£44,899
Improvements Assessment
£328,732
Total Assessment
£373,631
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