Industrial Warehouse Complex For
For Sale
Contact for pricing
257 Amber St, Pensacola, FL 32503
Fully leased industrial warehouse complex on over 9 acres.
Property Size142,234 SF
Lot Size9.00 Acres
Price / SF$125.85
Days on Market945
Property Features for 257 Amber St
General Information
Standard status
Active
Size
142,234 SF
Class
A
Lot size
9.00 Acres
Property subtype
Industrial
Zoning
HC/LI
Occupancy
100%
Lease Type
NNN
Investment Type
Redevelopment
Net Operating Income
$881,000
Building Details
Year Built
1967
Year Renovated
1990
Buildings
3
Stories
1
Tenancy
Multi
Listing Agency:
Alliance Real Estate
Listed By:
David Wu · License #Florida CQ1055862
(850) 393-9455
Source:
Crexi
Added: Mar 6, 2024
Changed: Oct 3
Last Checked: Oct 7 at 9:33AM
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
Investment Insights
Based on property information with market context.
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.
Key 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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,086,146
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$21,722,920
$21.7M
Cap Rate 7%
$15,516,371
$15.5M
Cap Rate 9%
$12,068,289
$12.1M
Market Conditions
NOI Build-Up for 142,234 SF
Gross rent
$1.42M $9.96/SF
− Vacancy
−$138.8K −$0.98/SF
EGI
$1.28M $8.98/SF
− OpEx
−$191.7K −$1.35/SF
NOI
$1.09M $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%
$21,722,920
Cap Rate 7%
$15,516,371
Cap Rate 9%
$12,068,289
Alternative Uses
Best Use
Warehouse
$15.52M
$13.58M – $18.10M
NOI $1,086,146 @ 7.0% cap · market cap 6.07%
Second Best
Industrial
$11.46M
$10.02M – $13.37M
NOI $801,986 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$41.74M
$36.53M – $48.70M
NOI $2,922,063 @ 7.0% cap · market cap 16.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,030
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32503, FL
33,693
Population
14,419
Households
2.3
Avg Household Size
36
Median Age
41%
College-Educated
94%
High-School Grad
12.6 sq mi
ZIP Area
2,674
Density / Sq Mi
$67,654
Median Household Income
$32,077
Median Earnings
$1,226
Median Rent
$270,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
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
