3190 E Johnson Ave - Light Distribution FOR SALE


Pensacola, FL 32514- Ferry Pass
$1,855,000 USD
918-803-4815
3190 E Johnson Ave, Pensacola, FL for Sale
$1,855,000 USD
Light Distribution - FOR SALE
1/3
null | 6.25% Cap Rate

3190 E Johnson Ave
Pensacola, FL 32514
Ferry Pass


HIGHLIGHTS

  • Shadow Investment Grade Credit Tenant
  • Below Market Rent
  • Highly Sought-After Industrial Submarket and Attractive Florida Appeal
  • Strong Industrial Corridor
  • Recently Extended Lease
  • Significant LL Improvements & New Roof

OVERVIEW

The property is located at 3190 East Johnson Avenue in Pensacola, Florida, and features a ±15,119-square-foot building situated on ±1.25 acres. The lease commenced in August 2025 and is structured as a five-year double net (NN) lease with 2.5% annual rent escalations and one five-year renewal option. Recent upgrades include full perimeter fencing, new exterior overhead doors, new HVAC units, new exterior concrete, and a full roof replacement completed in 2020 with a 15-year warranty. In Association With Jason Long, FL License #BK3302956

FOR SALE DETAILS

PRICE

$1,855,000 USD

PRICE/SF

$124 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

ADD'L SUBTYPES

Distribution, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

4

DRIVE INS

2

PARKING SPACES

12

LAND DETAILS

LAND ACRES

1.25

LAND SF

54,450

ZONING

HC/LI

APN/PARCEL ID

16-1S-30-1101-000-015

ASK ABOUT THIS PROPERTY

Collin MeadorsNorthmarqMore Info
918-803-4815

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Collin MeadorsNorthmarqMore Info
918-803-4815

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.