Warehouse with Fleet
3192 E Johnson Ave, Pensacola, FL 32514
For Sale
Contact for pricing
The facility supports water delivery operations across Pensacola and the Florida Panhandle.
Property Size20,800 SF
Lot Size2.69 Acres
Price / SF$159.17
Days on Market35
Property Features for 3192 E Johnson Ave
General Information
Standard status
Size
Lot size
Property subtype
Warehouse & Industrial
Clear Height
Dock-High Doors
Drive-In Doors
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Highway Access
Property Use
Building Details
Building Size
Listing Agency:
Northmarq - Tulsa
Listed By:
Collin Meadors · License #204518
Source:
Crexi
Added: Oct 6
Changed: Nov 8
Last Checked: Nov 8 at 3:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq - Tulsa
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Investment Insights
Based on property information with market context.
This 20,800-square-foot warehouse and distribution facility occupies approximately 2.69 acres in Pensacola. Loading features include three dock-high doors and one drive-in door, with clear heights of 22 feet at the perimeter and 27 feet at the center. A 17,000-square-foot parking lot expansion, along with building, office, operational, and site upgrades, was completed during the past six months. The property also provides fleet parking and storage capacity.
The site is near Interstate 10, Pensacola International Airport, and the Port of Pensacola. Its operations support home and office water delivery in Pensacola and the broader Florida Panhandle.
DS Services of America, Inc., doing business as Primo Water North America and a subsidiary of Primo Brands, leases the property. The recently executed lease has approximately 10.3 years remaining, includes 3% annual rent increases, and provides two five-year renewal options at fair market value.
The site is near Interstate 10, Pensacola International Airport, and the Port of Pensacola. Its operations support home and office water delivery in Pensacola and the broader Florida Panhandle.
DS Services of America, Inc., doing business as Primo Water North America and a subsidiary of Primo Brands, leases the property. The recently executed lease has approximately 10.3 years remaining, includes 3% annual rent increases, and provides two five-year renewal options at fair market value.
Key Highlights
- 20,800‑square‑foot warehouse and distribution facility on approximately 2.69 acres
- Three dock‑high doors and one drive‑in door
- Clear heights of 22 feet at the perimeter and 27 feet at the center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$158,836
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,176,720
$3.2M
Cap Rate 7%
$2,269,086
$2.3M
Cap Rate 9%
$1,764,844
$1.8M
Market Conditions
NOI Build-Up for 20,800 SF
Gross rent
$207.2K $9.96/SF
− Vacancy
−$20.3K −$0.98/SF
EGI
$186.9K $8.98/SF
− OpEx
−$28.0K −$1.35/SF
NOI
$158.8K $7.64/SF
Area
Escambia County, FL
Vacancy
9.80%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,176,720
Cap Rate 7%
$2,269,086
Cap Rate 9%
$1,764,844
Alternative Uses
Best Use
Warehouse
$2.27M
$1.99M – $2.65M
NOI $158,836 @ 7.0% cap · market cap 4.80%
Second Best
Industrial
$1.68M
$1.47M – $1.95M
NOI $117,281 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$6.10M
$5.34M – $7.12M
NOI $427,316 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
27 ft
Clear height
3
Dock-high doors
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32514, FL
40,844
Population
19,117
Households
2.1
Avg Household Size
39
Median Age
33%
College-Educated
91%
High-School Grad
19.8 sq mi
ZIP Area
2,063
Density / Sq Mi
$66,484
Median Household Income
$36,178
Median Earnings
$1,358
Median Rent
$241,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Pensacola, FL
Properties on Market for Warehouses in Pensacola
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - The facility supports water delivery operations across Pensacola and the Florida Panhandle.
Where is this warehouse located?
The property is located at 3192 E Johnson Ave Pensacola, FL.
What is the asking price?
The asking price for this property is $3,310,700.
What are key features of this property?
This property features: 20,800‑square‑foot warehouse and distribution facility on approximately 2.69 acres; Three dock‑high doors and one drive‑in door; Clear heights of 22 feet at the perimeter and 27 feet at the center
