Marcus & Millichap Sells Cervantes St. Industrial And Retail Building In Pensacola For $1.3M

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.