U.S. Drug Enforcement Administration - District Field Office
7140 N 9th Ave Pensacola, Pensacola, FL 32504
- For Sale $3,499,435
- Property Type Office - General Office
- Property Size 8,515 SF
- Lot Size 0.88 SF
- Year Built 1975
- Year Renovated 2020
- Date Updated Jun 30, 2022
The Ficke Team of Colliers International is pleased to present this exclusive investment opportunity to acquire the Drug Enforcement Agency (DEA), a custom-designed building for this mission critical government agency located at 7140 North 9th Avenue in Pensacola, Florida. The 9,864-square foot building was fully renovated in 2021 and is situated on 0.88 acres of land. This first generation leased facility provides a very attractive risk-adjusted yield with a highly rated credit tenant with S&P AA+ designation. General Services Administration leases offer long-term stability to an investor as these federal agencies traditionally occupy the facilities for more than 30 years, on average, with a first-generation renewal rate of approximately 96 percent.
Investors will benefit from the long-term, 100% firm lease term through January 2036 inclusive of a shell rental increase of over 12% commencing in March 2031.
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
- City Pensacola, FL
- Neighborhood Eastgate
- Zip Code 32504
- Market Pensacola
Frequently Asked Questions
What is the total square footage of U.S. Drug Enforcement Administration - District Field Office?
U.S. Drug Enforcement Administration - District Field Office totals 8,515 square feet.
When was this property built?
U.S. Drug Enforcement Administration - District Field Office was built in 1975.
Looking for more in-depth information on this property?
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.