908 E Wright St Pensacola, FL 32501

Located in downtown Pensacola, this 18,000 SF climate-controlled storage facility offers a prime real estate opportunity. Situated within the Pensacola–Ferry Pass–Brent Metropolitan Statistical Area, which has approximately 538,900 residents, the property benefits from a growing market. Recent capital improvements include an upgraded roof, new HVAC systems, a modernized elevator, and a comprehensive security system. Downtown Pensacola is undergoing significant revitalization, including the $15 million YMCA development and the New Palafox initiative, which aims to transform Palafox Street into a pedestrian-friendly corridor and attract increased foot traffic. The area is also known as the home of the Blue Angels, attracting tourists and aviation enthusiasts. The facility benefits from rising employment, a growing labor force, and a GDP of nearly $30 billion. The property's location and access to a thriving market make it an opportunity for investors looking to capitalize on Pensacola’s growth. The facility has a strong operating history and potential for rental rate growth. August Revenue was $19,081.32.