$7,725,000 USD
615-261-9954
1301 N 9th Ave
Pensacola, FL 32503
Southeast Pensacola
HIGHLIGHTS
- $4.1 Million in Tenant-Funded Capital Improvements: The tenant has invested significantly in the property, including a new roof.
- New 10-Year Lease For DJJ: The Department of Juvenile Justice recently signed a 10-year lease that will commence when the tenant improvements.
- Exceptional Credit Quality: The State of Florida, serving as tenant, holds an S&P AAA credit rating, offering institutional- grade credit stability.
- Positive Fiscal Outlook: Both tenants anticipate increased allocations in the FY 2025–2026 budget cycle, supporting ongoing operational stability.
FOR SALE DETAILS
PRICE
$7,725,000 USD
PRICE/SF
$297 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
FLORIDA DEPARTMENT OF CHILDREN & FAMILIES
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1964
SPRINKLERS
-
PARKING SPACES
130
LAND DETAILS
LAND ACRES
1.67 AC
LAND SF
72,745 SF
ZONING
C1
APN/PARCEL ID
00-0S-00-9025-001-152
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615-261-9954
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615-261-9954
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