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Investment Highlights
- Seller Financing Available: Current cash flow offers an investor a strong cash-on-cash return with $765,000 down | CASH-ON-CASH RETURN: 8.66%
- Diversified Unit Mix: Facility is comprised of traditional drive-up units, 2 parking lots, and an office complex with commercial spaces | 15,258 GLA
- Roughly 1.4 acres of dedicated open-field parking for expansion of boat & RV parking or additional storage buildings
- Attractive Location: 3.27 Current Sq Ft Per Capita in a 1-mile radius (TractIQ Report 2/11/26)
- Upside through standardizing rents / raising below-market rents to market rates & retrieving rental income from uncollected units
- Price below replacement cost at $79 PSF
Executive Summary
SELLER FINANCING AVAILABLE | CASH-ON-CASH RETURN: 8.66%
PRICE REDUCTION
PRICED BELOW REPLACEMENT COST OF $79 PSF
Current Cap Rate: 7.15%
Year 1 Cap Rate: 8.48%
PRICE REDUCTION
PRICED BELOW REPLACEMENT COST OF $79 PSF
Current Cap Rate: 7.15%
Year 1 Cap Rate: 8.48%
Property Facts
| Price | $1,630,800 CAD | Number of Properties | 2 |
| Price / SF | $100.09 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7.15% | Total Building Size | 16,294 SF |
| Sale Type | Investment | Total Land Area | 4.42 AC |
| Status | Active |
| Price | $1,630,800 CAD |
| Price / SF | $100.09 CAD / SF |
| Cap Rate | 7.15% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 16,294 SF |
| Total Land Area | 4.42 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1720 N Pace Blvd, Pensacola, FL 32505 | Retail | 4,272 SF | 1947 | - |
| 1720 N Pace Blvd, Pensacola, FL 32505 | Specialty | 12,022 SF | 1947 | - |
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