For Sale
$1,550,000

1300 T StPensacola, FL 32505

Pensacola, FL Self Storage Investment

Overview

Added:
Dec 11, 2024
Days on market:
116
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.

Highlights

  • $1,550,000 asking price for a Pensacola, FL self-storage portfolio.
  • Two facilities totaling 19,500 net rentable square feet (NRSF) of non-climate-controlled units.
  • Five buildings on 1.25 acres, built in 1984, 1995, and 2003.
  • 161 total units: 109 units (13,750 NRSF, 71.56% occupied) at 7054 N Palafox St, 32503 and 52 units (5,750 NRSF, 78.85% occupied) at 1300 N T St, 32505.
  • Significant value-add potential through lease-up and rent increases.

Property Details for 1300 T St

Property type
Self storage facilities
Buildings
5
Stories
1
Lot Size (sq. ft)
54,450 SF
Units
161

Location Insight

City
Pensacola
County
Escambia
State
Florida
Latitude
30.4259554
Longitude
-87.2463417
1300 T St, Pensacola, Florida

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1300 T St
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