1300 T StPensacola, FL 32505

Property Details for 1300 T St

Year built

2003

Construction

TYPE NOT SPECIFIED

Lot size

0.42 AC

Property size (Sq ft)

3,240 SF

Zone code

HDMU

Property type

Other commercial real estate

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $645,048

  6.5%

  $595,429

  7%

  $552,898

• Comparable approach

  Method

  Valuation

  Relative Method

  $552,610

  Geo Method

  $580,436

• Alternative Use

  Use

  Valuation

  Residential

  $502,267

  Hospitality

  $460,074

  Educational

  $382,776

  Medical

  $395,940

  Retail

  $595,429

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.4259

Longitude

-87.2463

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].