815 South Palafox St Pensacola, FL 32505

The Palafox Icehouse, a three-story property located along the waterfront in downtown Pensacola's entertainment and business district, presents a rare investment opportunity. This property combines industrial character with a location along one of the city's sought-after corridors, surrounded by restaurants, retail, entertainment, and residential developments. The property is currently leased to two long-term finance and legal tenants with over 15 years of occupancy, with approximately 36 months remaining on existing leases. The property is located on South Palafox in the heart of the city, offering excellent visibility with strong foot traffic and a professional presence. The 21,720 square foot space is suitable for office, retail, or professional services. The location in a thriving Gulf Coast market with continued growth and a prestigious South Palafox address enhances tenant appeal. The Phillips Portfolio represents an opportunity to invest in one of America's growth markets. The Portfolio includes an inventory of 42 high-value assets across Northwest Florida, including residential, commercial, and industrial assets. Structured with current income-producing, in-process development parcels and greenfield land opportunities, the Phillips Portfolio offers above-market return opportunities across the immediate, medium, and long-term investment horizons.