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3190 E Johnson Ave 15,119 SF Flex Building Pensacola, FL 32514 $1,855,000 ($122.69/SF) 6.25% Cap Rate
Investment Highlights
- Shadow Investment Grade Credit Tenant
- Highly Sought-After Industrial Submarket and Attractive Florida Appeal
- Recently Extended Lease
- Below Market Rent
- Strong Industrial Corridor
- Significant LL Improvements & New Roof
Executive Summary
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
In Association With Jason Long, FL License #BK3302956
Property Facts
Amenities
- Fenced Lot
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- DHL Express
- -
- 15,119 SF
- -
- Double Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| DHL Express | - | 15,119 SF | - | Double Net | - |
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Property Taxes
| Parcel Number | 16-1S-30-1101-000-015 | Improvements Assessment | $480,439 |
| Land Assessment | $100,000 | Total Assessment | $580,439 |
Property Taxes
Parcel Number
16-1S-30-1101-000-015
Land Assessment
$100,000
Improvements Assessment
$480,439
Total Assessment
$580,439
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3190 E Johnson Ave
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