- Strong Revenue Growth // The facility has achieved excellent rental income gains over the trailing 12 months posting 21 percent growth from May 2020 to April 2021.
- Rental Rate Tailwinds // The Pensacola submarket has experienced substantial increases in asking rates as well as occupancy coming out of the Covid-19 pandemic. The next investor will benefit greatly from an established high occupancy trade area with excellent rental rate momentum heading into summer months.
- Excellent Location // Prominently located on West 9 Mile Road (HW 90), a recently expanded major thoroughfare through Pensacola with over 26K passing vehicles per day. The highway has undergone a major road widening project over the past two years with final completion expected over the next few months. Opening up full unrestricted access to the facility will only bolster demand and improve operations.
- Favorable Layout and Design // Well maintained second generation facility with ground level access across the entirety of the properties featuring a favorable mix of both climate and non-climate controlled unit options. In addition, there are 14 highly desirable larger warehouse units occupied by commercial tenants with a history of high occupancy.