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908 E Wright St - Downtown Storage 18,000 SF Specialty Building Offered at $1,750,000 at a 6.30% Cap Rate in Pensacola, FL 32501
Investment Highlights
- 13,100 NRSF of All CC Storage
- Strong In-Place Rental Rates ($17.63/sf)
- Recent CapEx Improvements
- Over $107,000 Avg HH Income (1-Mi)
- Revenue Management Upside
- Multiple Multifamily Developments Within 5-Mi
Executive Summary
The Gorman Self Storage Group of Marcus & Millichap is pleased to exclusively present Downtown Storage Pensacola, a stabilized self-storage investment opportunity located in the heart of Pensacola. The property benefits from a highly desirable infill location surrounded by significant residential growth, with more than 15 multifamily and single-family housing developments planned or under construction within a five-mile radius. The facility features strong in-place rental rates and consistent cash flow, providing investors with immediate income and operational stability. Additionally, the property's proximity to Naval Air Station Pensacola supports a diverse and recurring tenant base. With average household incomes exceeding $107,000 within a one-mile radius and opportunities to further optimize revenue management, Downtown Storage Pensacola offers investors both durable cash flow and future upside potential in one of Northwest Florida's strongest growth markets.
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- Offering Memorandum
Property Facts
| Price | $1,750,000 | Building Class | B |
| Price Per SF | $133.59 | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 13,100 SF |
| Cap Rate | 6.30% | No. Stories | 2 |
| Property Type | Specialty | Year Built | 2002 |
| Property Subtype | Self-Storage | ||
| Zoning | C3 | ||
| Price | $1,750,000 |
| Price Per SF | $133.59 |
| Sale Type | Investment |
| Cap Rate | 6.30% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 0.32 AC |
| Building Size | 13,100 SF |
| No. Stories | 2 |
| Year Built | 2002 |
| Zoning | C3 |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 00-0S-00-9025-030-059 | Improvements Assessment | $810,360 |
| Land Assessment | $260,568 | Total Assessment | $1,070,928 |
Property Taxes
Parcel Number
00-0S-00-9025-030-059
Land Assessment
$260,568
Improvements Assessment
$810,360
Total Assessment
$1,070,928
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908 E Wright St - Downtown Storage
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