For Sale
$23,500,000

257 Amber StPensacola, FL 32503

Class A industrial complex, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a Class A, multi-tenant industrial warehouse complex located at 257 Amber St, Pensacola, FL 32503, in Escambia County. The property boasts a total of 142,234 square feet across three buildings situated on a 9.6-acre lot (APN: 481S303101000001) zoned HC/LI. Built in 1967 and renovated in 1990, the complex features a main warehouse building of 126,714 square feet constructed of concrete, and two additional metal buildings with roll-up door access. The property offers 10 dock-high doors and a 20-foot ceiling height. Currently 100% occupied by six credit-rated tenants under long-term NNN leases, generating a strong NOI of $881,000 and a 4.00% cap rate. The asking price is $23,500,000 ($177.52 per square foot). This prime location is adjacent to a new hospital at I-110 and Brent Lane, promising significant future growth potential with anticipated development of medical office space and related services in the surrounding area. This is a rare opportunity to acquire a high-performing, well-located industrial asset with substantial upside potential.

Highlights

  • Class A, multi-tenant industrial warehouse complex totaling 142,234 square feet on a 9.6-acre lot in Pensacola, FL.
  • Three-building complex with a 126,714 sq ft main warehouse (concrete) and two smaller metal buildings, featuring 10 dock-high doors and 20-foot ceilings.
  • 100% occupied by six credit-rated tenants with long-term NNN leases, generating $881,000 NOI and a 4.00% cap rate.
  • Asking price: $23,500,000 ($177.52/SF).
  • Prime location near I-110 and Brent Lane, adjacent to a new hospital, offering significant growth potential.

Property Details for 257 Amber St

Property type
Warehouses, Industrial properties
Square Feet
142,234 SF
Class
A
Year Built/Renovated
1967/1990
Buildings
3
Stories
1
Lot Size (sq. ft)
418,176 SF

Location Insight

City
Pensacola
County
Escambia
State
Florida
Latitude
30.4660917
Longitude
-87.2315087
257 Amber St, Pensacola, Florida

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257 Amber St
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