Pensacola Bay Brewery Renews Downtown Lease

Pensacola Bay Brewery in historic downtown Pensacola, Florida, celebrating a long-term commercial lease renewal.
Pensacola Bay Brewery | 5,582 SF | Long-Term Lease Renewal

Jenny Pittman · Property Management & Leasing · NAI Pensacola

PENSACOLA, FL — October 20, 2026 — NAI Pensacola is pleased to announce the successful renewal of Pensacola Bay Brewery’s lease at 225 E. Zaragoza Street in the heart of downtown Pensacola’s historic district. The new eight-year, six-month lease agreement reinforces the brewery’s longstanding commitment to its downtown location and the continued vitality of Pensacola’s historic commercial district.

A downtown favorite since opening in 2010, Pensacola Bay Brewery has grown significantly within the historic McCullough Building. Originally occupying just 1,129 square feet, the brewery quickly expanded its operations and now occupies approximately 5,582 square feet.

Over the past 16 years, Pensacola Bay Brewery has established itself as a gathering place for residents and visitors alike, welcoming craft beer enthusiasts from across the country and around the world. Its enduring presence reflects the unique appeal of locally owned businesses that contribute to downtown Pensacola’s character, hospitality, and economic vibrancy.

Jenny Pittman, Property Manager and Leasing Agent with NAI Pensacola, facilitated the lease renewal, continuing the firm’s longstanding relationship with the property and its tenants.

The transaction underscores the importance of proactive commercial property management, tenant retention, and strong landlord-tenant relationships in supporting sustainable commercial real estate investments.

With more than four decades of experience serving Northwest Florida, NAI Pensacola continues to provide commercial property owners and tenants with comprehensive leasing, investment, and property management services.

About NAI Pensacola

Established in 1983, NAI Pensacola is a full-service commercial real estate brokerage and property management firm serving Northwest Florida. As an affiliate of NAI Global, the firm provides commercial sales and leasing, investment services, tenant and landlord representation, and professional property management, combining local market expertise with global resources.

NAI Pensacola
Commercial Real Estate & Property Management
www.naipensacola.com
(850) 433-0577

NAI Pensacola Facilitates $2.9 Million Industrial Investment Acquisition

3465 Alcaniz Street is an 22,000 SF income producing industrial investment property.

PENSACOLA, FL October 19, 2026  A major Pensacola industrial investment sale has recently taken place, making headlines in the local real estate market. NAI Pensacola, a leading commercial real estate brokerage and property management firm serving Northwest Florida since 1983,announces the successful acquisition of a 22,000-square-foot industrial investment property located at 3495 N. Alcaniz Street in Pensacola, Florida.

NAI Pensacola commercial real estate professionals Tanner Stewart and Cameron Cauley, SIOR, represented longtime investment client Division Ave Investments in the $2,900,000 transaction. The income-producing asset generates approximately $246,000 in annual net operating income (NOI), representing an 8.48% capitalization rate based on the acquisition price.

This Pensacola industrial investment sale underscores the importance of experienced investment representation in today’s commercial real estate market, where financial performance, asset valuation, disciplined underwriting, and skilled negotiation are critical to successful acquisitions.

“Successful commercial real estate investing requires far more than identifying an available property. It demands the ability to evaluate financial performance, understand market fundamentals, negotiate complex transaction terms, and execute with precision. Our professionals bring that level of expertise to every investment assignment.”  DeeDee Davis, SIOR, Broker/Owner, NAI Pensacola

Pensacola Industrial Investment Sale Highlights Long-Term Client Relationships

For NAI Pensacola, the acquisition also reflects the strength of established client relationships and the value of providing strategic advisory services throughout successive investment transactions.

With more than four decades of experience in Northwest Florida, NAI Pensacola combines local market intelligence, comprehensive financial analysis, and sophisticated negotiation strategies to guide investors through acquisitions, dispositions, and portfolio growth opportunities.

Strategic Investments. Skilled Negotiations. Proven Results.

About NAI Pensacola

Founded in 1983, NAI Pensacola is a full-service commercial real estate brokerage and property management firm serving Pensacola and the greater Northwest Florida region. As an affiliate of NAI Global, the firm combines extensive local market knowledge with international resources to provide commercial sales and leasing, investment advisory, tenant and landlord representation, and professional property management services.

NAI Pensacola
www.naipensacola.com
850.433.0577

Beyond the Beaches: Northwest Florida’s Industrial Opportunity

Trucks exiting warehouse bays at 7801 Sears Boulevard in Pensacola, a Northwest Florida industrial property.

Northwest Florida industrial real estate offers opportunities shaped by the region’s transportation network, maritime services and manufacturing capabilities. Pensacola’s coastline, military heritage and tourism industry remain central to its identity, while its industrial infrastructure gives businesses and investors another reason to explore the market.

Access to Interstate 10, deep-water ports and regional rail connections gives Northwest Florida a foundation for manufacturing, distribution and maritime commerce. For property owners, developers and businesses, those assets create opportunities worth a closer look.

Changing Supply Chains Create New Possibilities

Businesses regularly reevaluate where they manufacture, store and distribute goods. Nearshoring—locating production closer to the markets a company serves is one approach to managing transportation costs, delivery schedules and supply chain risk. For companies serving U.S. customers, that can include manufacturing in Mexico and other parts of the Americas.

In turn, Northwest Florida’s potential lies in supporting those supply chains through transportation, warehousing, distribution and related services. Nearshoring does not guarantee local growth, but it offers another reason to examine the region’s industrial capabilities.

Florida’s Great Northwest identifies the I-10 corridor, deep-water ports and connections to Class I rail as important advantages for manufacturing and distribution businesses. Together, these resources provide several ways to move materials and finished products.

Port Pensacola Plays a Specialized Role

Port Pensacola contributes to that network through cargo handling and maritime services. Its capabilities include bulk cargo, break-bulk freight and special project cargo, along with offshore vessel maintenance, repair and overhaul services provided by port tenants and business partners.

The port also has a documented role in handling wind energy components. In its Maritime Commerce Day coverage, the city highlighted shipments of GE wind turbine nacelles and vessel repair work performed by port businesses. These activities demonstrate how specialized maritime operations connect local industry with wider markets.

As a result, the commercial real estate implications extend beyond the waterfront. Businesses supporting maritime and manufacturing operations may need warehouses, equipment storage, fabrication space and facilities for service work. Properties suited to those requirements can play a supporting role in the regional economy.

Northwest Florida Industrial Real Estate Starts with the Right Property

For a business choosing a location, warehouse square footage is only one part of the decision. Loading access, ceiling height, electrical capacity, truck circulation and proximity to customers can determine whether a building supports efficient operations.

For example, a contractor may need a secure yard and convenient service routes. A distributor may prioritize dock access and interstate connectivity. A manufacturer may require substantial power, suitable zoning and room to expand.

For this reason, these differences make property-specific evaluation essential. Additionally, owners can strengthen their marketing by clearly documenting a building’s capabilities. Similarly, investors should consider likely users, necessary improvements and total occupancy costs when evaluating an acquisition.

For businesses exploring Pensacola, Cantonment, Milton or other Northwest Florida locations, the goal is to find space that supports both current operations and future plans.

Site Readiness Adds Value

Northwest Florida’s economic development efforts include industrial sites and infrastructure improvements. Florida’s Great Northwest highlights certified industrial parks, sites for custom development and investments in utilities and transportation infrastructure as part of the region’s manufacturing and logistics offering.

For developers and landowners, readiness matters. Buyers and tenants need clear information about zoning, utility availability, access, drainage requirements and development timelines before committing to a site.

However, proximity to an interstate or port is only part of the equation. Therefore, understanding those details early helps stakeholders evaluate costs, identify obstacles and make informed decisions.

Growth Can Reach Beyond Industrial Properties

Manufacturing, distribution and maritime businesses can contribute to a broader employment base. As companies establish or expand operations, their employees and suppliers may also support demand for housing, retail and professional services.

However, the extent of that impact depends on actual projects, hiring and business investment. For commercial real estate stakeholders, following those developments closely helps distinguish promising opportunities from expectations that have yet to materialize.

Pensacola’s next chapter reaches beyond its coastline. With Port Pensacola, interstate access and regional rail connections, Northwest Florida has a strong foundation for industrial activity. For investors, developers and businesses planning their next move, the opportunity lies in identifying the properties and locations positioned to support that growth.

Local Knowledge Helps Guide the Next Move

At NAI Pensacola, we help clients evaluate Northwest Florida industrial real estate with a focus on the property, the business and the market it serves. Regional connectivity creates opportunity; selecting the right building or site requires a closer look.

Serving Northwest Florida since 1983, our team helps owners, investors and businesses evaluate commercial properties with local knowledge and practical guidance.

Considering an industrial acquisition, expansion or leasing opportunity? Connect with NAI Pensacola to explore properties that support your business goals.