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33853838
33853824

908 East Wright Street, Pensacola, FL 32501

GF
FL 3590594, GA 439007
Marcus & Millichap - Atlanta
SG
GA GA 257960, TN TN 00305042
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta
$1,750,000
7 days on market
Updated 7 days ago

Downtown Storage Pensacola

Details
Property Type Self Storage
Square Footage 13,100
Units 117
Cap Rate 6.30%
Occupancy 78%
Price per SqFt $134
Year Built 2002
Buildings 1
Acreage 0.320
Investment Type Value Add
Sale Condition N/A

Value-Add Self-Storage Facility | 78% Occupancy

Marketing description

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.

Investment highlights

  1. 13,100 NRSF of All CC Storage
  2. Over $107,000 Avg HH Income (1-Mi)
  3. Strong In-Place Rental Rates ($17.63/sf)
  4. Revenue Management Upside
  5. Recent CapEx Improvements
  6. Multiple Multifamily Developments Within 5-Mi

Listing Contacts

GF
FL 3590594, GA 439007
Marcus & Millichap - Atlanta
SG
GA GA 257960, TN TN 00305042
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta

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Zoning

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C-3 CommercialGeneral CommercialCommercial
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Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Ryan Nee
License
BK3154667
Brokerage
Marcus & Millichap
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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