Updated Oct 29, 2024
Marcus & Millichap Sells Cervantes St. Industrial And Retail Building In Pensacola For $1.3M
1417 W Cervantes St Pensacola, FL 32501, USA
$1,300,000
$90/SF
Building Size
14,392 SF
Asset Type
Industrial
Closing
Jun 13, 2023
About this deal
AI
The Cervantes St. Industrial and Retail Building in Pensacola, Florida has been sold by DEP for $1.3 million. The property is located at 1417 West Cervantes Street and spans 14,392 square feet. The sale price equates to a price per square foot of $90. The building has undergone recent renovations and currently has four tenants. Its convenient location near major roadways provides easy access to I-10 and other east coast cities.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,300,000
- Address: 1417 West Cervantes Street, Pensacola
- Market: Pensacola
Marcus & Millichap, represented by Craig Dunkle and Mher Vartanian, facilitated the sale of the Cervantes St. Industrial and Retail Building. The involvement of these brokers highlights their role in overseeing the transaction.
On the Map
$1,300,000
$90/SF
Industrial
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Players
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93