1301 N 9th Ave - Retail FOR SALE
Pensacola, FL 32503 |
1301 N 9th Ave
Pensacola, FL 32503
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
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
FLORIDA DEPARTMENT OF CHILDREN & FAMILIES
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
26032
STORIES
1
YEAR BUILT
1964
SPRINKLERS
-
PARKING SPACES
130
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
00-0S-00-9025-001-152
