1300 T St Pensacola, FL 32505-6752

Property Details for 1300 T St

Year built

2003

Construction

TYPE NOT SPECIFIED

Lot size

0.42 lot acres

Property size

3,240 SF

Zone code

HDMU

Property type

Showrooms

APN

31-2S-30-2000-009-006

APU

312S302000009006

Description

This exceptional self-storage portfolio in Pensacola, Florida, presents a compelling investment opportunity. Priced at $1,550,000, the portfolio comprises two facilities totaling 19,500 net rentable square feet of non-climate-controlled units, distributed across five buildings on 1.25 acres. Built in 2003, 1984, and 1995, the properties offer significant value-add potential. One facility, located at 7054 N Palafox St (zip code 32503), boasts 109 units (13,750 net rentable sq ft) and is currently 71.56% physically occupied. The second, situated at 1300 N T St (zip code 32505), features 52 units (5,750 net rentable sq ft) with a 78.85% occupancy rate. Both locations are conveniently situated less than ten minutes apart in Escambia County, maximizing management efficiency. The North Palafox Street location benefits from a dense population of 138,603 residents within a five-mile radius. The portfolio's strategic location within the Pensacola-Ferry Pass-Brent MSA, Florida's 10th largest, with a population of 509,905, ensures strong demand. The opportunity to increase revenue through lease-up and rent increases to existing tenants makes this a highly attractive investment. The properties consist of single-story buildings and offer 161 total units.