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Office Warehouse

Cervantes St Industrial + Retail

1417 W Cervantes St, Pensacola, FL 32501

Listing Price: $1,350,000

Cap Rate
8.23%
Gross SF
14,392
Price/Gross SF
$93.80
Lot Size
0.50 acres
Year Built
1959
Rentable SF
14,392

Investment Overview

The Dunkle-Vartanian Group at Marcus & Millichap is pleased to present to qualified buyers the opportunity to acquire 1417 W Cervantes Street. The Subject Property consists of a 14,392 square foot building occupied by 4 tenants, 5 dock doors, and high ceilings. Located along W Cervantes St, a main road running through the region, the property is less than 1.5 miles away from I-110 connecting it to I-10 and other major east coast cities. Pensacola has seen a 11.8% annual increase in Industrial rents and a 5.0% annual increase in retail rents, offering ownership the ability to increase tenant rents and revenue.

Investment Highlights

  • Highly accessible - 5 loading docks
  • Multi-tenant building
  • Recent renovations and capital improvements
  • Below market retail rents.
  • Opportunity to increase tenant rents.
  • Ideally located near downtown and 1.5 miles from I-110.
  • Situated on W Cervantes St seeing over 19,400 VPD.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Office Warehouse

Cervantes St Industrial + Retail

Listing Price: $1,350,000

Cap Rate
8.23%
Gross SF
14,392
Price/Gross SF
$93.80
Lot Size
0.50 acres
Year Built
1959
Rentable SF
14,392

Investment Highlights

  • Highly accessible - 5 loading docks
  • Multi-tenant building
  • Recent renovations and capital improvements
  • Below market retail rents.
  • Opportunity to increase tenant rents.
  • Ideally located near downtown and 1.5 miles from I-110.
  • Situated on W Cervantes St seeing over 19,400 VPD.

Investment Overview

The Dunkle-Vartanian Group at Marcus & Millichap is pleased to present to qualified buyers the opportunity to acquire 1417 W Cervantes Street. The Subject Property consists of a 14,392 square foot building occupied by 4 tenants, 5 dock doors, and high ceilings. Located along W Cervantes St, a main road running through the region, the property is less than 1.5 miles away from I-110 connecting it to I-10 and other major east coast cities. Pensacola has seen a 11.8% annual increase in Industrial rents and a 5.0% annual increase in retail rents, offering ownership the ability to increase tenant rents and revenue.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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