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Asset Summary

Acquisition Date Q3 2024
Size 181,080 SQ FT
Property Type Industrial
Deal Profile Fund IV, Development
Investment Profile Opportunistic
Deal Source Off Market

To-be-developed Class A, ±181,080 SF multi-tenant warehouse buildings in Milton, FL, northeast of Pensacola. The two rear-load buildings will be part of Santa Rosa County’s 88-acre Northwest Florida Industrial Park @ I-10. Situated on Highway 87 and less than one mile from Interstate 10, the park provides efficient access to Pensacola and Northwest Florida’s rapidly growing economy. The buildings’ flexible design will attract area manufacturing, distribution, and industrial services companies seeking modern space. At approximately 53,600 square feet, Building 100 will be a Class A rear-load, multi-tenant warehouse with 32’ clear heights and a 130’ truck court. At approximately 127,570 square feet, Building 200 will be a Class A rear-load, multi-tenant warehouse with 32’ clear heights with space available for trailer parking. Summit anticipates starting construction Q1 2025 and delivering the two buildings Q4 2025.

Building 100

Acres 5.07
Coverage 24.27%
Design Tilt-Construction
Dimension 180' x 296'
Truck Court 135'
Parking Spaces 33
Dock Doors 20
Trailer Spaces 16
Clear Height 32'
ESFR Sprinklers Yes
Power ±2,000 amps
Office 2,017 SF
Multi Tenant Designs Single

Building 200

Acres 7.65
Coverage 38.28%
Design Tilt-Construction
Dimension 176' x 721'
Truck Court 135'
Parking Spaces 128
Dock Doors 55
Trailer Spaces 17
Clear Height 32'
ESFR Sprinklers Yes
Power ±2,000 amps
Office TBD
Multi Tenant Designs Yes 30,000 SF to 127,000 SF

For leasing information, contact the experts:

Tom Watson

Senior VP, CBRE

850 527 3524‬

email

Elizabeth Forsythe

Senior Assoc, CBRE

850 585 5290

email

Sam Herrera

Associate, CBRE

714 227 3829

email

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