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Industrial Warehouse Complex For Sale

257 Amber St, Pensacola, FL 32503

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For Sale

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Fully leased industrial warehouse complex on over 9 acres.

Type:Industrial

Property size:

142,234 SF

Lot size:

9.00 Acres

Price / SF:

$125/SF

HighLights

100% Leased Out Industrial Warehouse Complex with Strong Tenants and Long‑Term Leases
Prime Location Next to the New Hospital at I‑110 and Brent Lane, Pensacola
Over 9 Acres of HC/LI Zoned Land with Future Development Potential for Medical Office Space
Main Warehouse Building is 126,714 Sq.ft. of Concrete Construction
Three Buildings Total: One Concrete Warehouse and Two Metal Buildings with Roll‑Up Door Access
Parking Surrounding All Buildings

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Contact an agent

David Wu

For Sale

Contact for pricing

Fully leased industrial warehouse complex on over 9 acres.

Type:Industrial

Property size:

142,234 SF

Lot size:

9.00 Acres

Price / SF:

$125/SF

Added:: Mar 6, 2024
Days on Market:: 841
Last Refresh:: May 12 at 8:52 pm

Property Features for 257 Amber St

General Information

Standard status: Active
Size: 142,234 SF
Lot size: 9.00 Acres
Property subtype: Industrial

Building Details

Year Built: 1967

We can help!

Contact an agent

David Wu

Listing office Alliance Real Estate

Listing date Mar 6, 2024

Source Crexi

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 Alliance Real Estate

HighLights

100% Leased Out Industrial Warehouse Complex with Strong Tenants and Long‑Term Leases
Prime Location Next to the New Hospital at I‑110 and Brent Lane, Pensacola
Over 9 Acres of HC/LI Zoned Land with Future Development Potential for Medical Office Space
Main Warehouse Building is 126,714 Sq.ft. of Concrete Construction
Three Buildings Total: One Concrete Warehouse and Two Metal Buildings with Roll‑Up Door Access
Parking Surrounding All Buildings

Overview

This industrial warehouse complex is available for purchase. The property consists of three buildings situated on over 9 acres of HC/LI zoned land. The main warehouse building, constructed of concrete, measures 126,714 square feet. The other two buildings are metal structures and feature roll-up door access, with parking available around all buildings. The complex is currently 100% leased to tenants with long-term leases. The property is located next to the new hospital at I-110 and Brent Lane. The total property size is 142,234 square feet. The location is anticipated to have future medical office space and medical-related services built on adjacent sites.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$1.42M	$9.96
− Vacancy	−$138.8k	−$0.98
EGI	$1.28M	$8.98
− OpEx	−$191.7k	−$1.35
NOI	$1.09M	$7.64

142,234 SF · lease $9.96/SF/yr · vacancy 9.80% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$15.52M

$13.58M – $18.10M (±1% cap)

NOI $1,086,146 @ 7.0% cap · market cap 6.07%

Second Best

Industrial

$11.46M

$10.02M – $13.37M (±1% cap)

NOI $801,986 @ 7.0% cap · market cap 4.48%

Theoretical Best

Office A

$41.74M

$36.53M – $48.70M (±1% cap)

NOI $2,922,063 @ 7.0% cap · market cap 16.32%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Emerald Coast Finest ... Grocery & Convenience Store ATL Cold Storage Storage Facility Hershey's Ice Cream ... Corporate Office Lion Aerospace International ... Corporate Office King Aero Management ... Corporate Office

Suggested Use

Similar Places Nearby

Out O’ Space Storage — 540 E Fairfield Dr, Pensacola, FL 32503
Central Mini Warehouses — 4051 N Pace Blvd, Pensacola, FL 32505
ATL Cold Storage — 257 Amber St, Pensacola, FL 32503
Family First Moving and Storage — 4201 N Davis Hwy, Pensacola, FL 32503
Extra Space Storage — 5060 N Palafox St, Pensacola, FL 32505

Location Insight

Map
Local Demand

City: Pensacola
County: Escambia
State: Florida
Longitude: -87.2319518
Latitude: 30.4659324

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For sale
Warehouses
FL
Pensacola
32503
257 Amber St

What type of property is this?

Warehouse - Fully leased industrial warehouse complex on over 9 acres.

Where is this warehouse located?

The property is located at 257 Amber St Pensacola, FL.

What is the asking price?

The asking price for this property is $17,900,000.

What are key features of this property?

This property features: 100% Leased Out Industrial Warehouse Complex with Strong Tenants and Long‑Term Leases; Prime Location Next to the New Hospital at I‑110 and Brent Lane, Pensacola; Over 9 Acres of HC/LI Zoned Land with Future Development Potential for Medical Office Space