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