165 Chaseville St, Pensacola, FL 32507

$949,000
List Price
$949,000

Property Description

Excellent investor opportunity to purchase a net-leased industrial, warehouse, and office facility in the Pensacola, Florida market. The tenant, Aramsco Inc., is a nationally recognized company and is the largest provider of solutions to restoration, cleaning, surface preparation, asbestos and lead abatement, and environmental clean-up professionals in the United States. The tenant recently extended the initial term of the lease for an additional 5 years with one 5-year renewal option. The net operating income is $85,800 and the initial term expires 12/5/2024. The tenant is responsible for taxes, insurance, CAM, plumbing, landscaping, and all utilities. Aramsco supports contractors with products and services to perform restoration, remediation, environmental services, surface preparation and professional cleaning work. Aramsco has over 70 locations across North America and sells a portfolio of over 40,000 products. In addition to distribution products, Aramsco offers services such as training and education, equipment rentals, equipment repair and equipment financing. The building was built in 2005 and features 6 private offices, 1 large open office area, 4 restrooms, 1 large training room, a large warehouse area with two 48" truck docks and overhead coiling doors, and amply parking. The entire property is gated and secured. The tenant has shown it's dedication to this location extending the lease term early and has recently repaired the parking lot.

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Listing courtesy of Berkshire Hathaway HomeServices PenFed Realty.

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