1301 North Palafox Street, Pensacola, FL 32501

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Kimi S.

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1301 North Palafox Street is an office property for lease in Pensacola, FL.

GREAT INVESTMENT OPPORTUNITY - NAI Halford is pleased to offer to qualified investors the opportunity to acquire a fully leased income producing property. A office/laboratory building, currently occupied by the State of Florida, Department of Law Enforcement. The property was a former large school building that was totally renovated into a Class A office/laboratory facility for the current tenant, FDLE. The renovation program was all encompassing and was specifically designed for State utilization, including large double garage area (used for car analysis), firing range, several laboratories, large vault area, a security system, closed circuit television system, and other specialty type features. Property has been leased to FDLE for a period of twenty-five years. Current lease will expire 09/30/2019. CAP: 8% - NOI: $747,920.

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