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Asset Summary

Acquisition Date Q1 2026
Size 417,730 SQ FT
Property Type Industrial
Deal Profile Fund V, Development
Investment Profile Opportunistic
Deal Source Off Market

Class A, 417,730 SF multi-tenant warehouses comprising three buildings in Milton, FL, northeast of Pensacola. Situated on Highway 87, the rear-load buildings are less than one mile from Interstate 10, providing 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 113,073 SF, Building 300 is a Class A rear-load, multi-tenant warehouse with 32’ clear heights. At 141,243 SF, Building 400 is a Class A rear-load, multi-tenant warehouse with 32’ clear heights. At 164,200 SF, Building 500 is a rear-load, multi-tenant warehouse with 32’ clear heights. Summit anticipates starting construction in Q2 2026 and delivering the three buildings in Q2 2027.

I-10 Coastal Commerce Center, a multi-phase development project, is programmed to include five buildings, totaling ±600,000 SF (upon complete buildout).

Building 300

Acres 9.03
Coverage 28.75%
Design Tilt-Construction
Dimension 180' x 626'
Parking Spaces 107
Dock Doors 34
Trailer Parking 20
Truck Bays 35
Clear Height 32'
ESFR Sprinklers Yes
Power ±2,000 amps
Office TBD
Multi-Tenant Designs Yes, 15,000 SF to 113,073 SF

Building 400

Acres 11.28
Coverage 28.75%
Design Tilt-Construction
Dimension 225' x 626'
Parking Spaces 115
Dock Doors 34
Trailer Parking 20
Truck Bays 55
Clear Height 32'
ESFR Sprinklers Yes
Power ±2,000 amps
Office TBD
Multi-Tenant Designs Yes, 15,000 SF to 141,243 SF

Building 500

Acres 13.11
Coverage 28.75%
Design Tilt-Construction
Dimension 200' x 821'
Parking Spaces 146
Truck Bays 55
Clear Height 32'
ESFR Sprinklers Yes
Power ±2,000 amps
Office TBD
Multi-Tenant Designs Yes, 15,000 SF to 164,200 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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