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Pensacola-area industrial building leased to UPS sells for $9.6 million

Ninigret Group acquires fully leased facility in Milton, Florida, in off-market deal
Edward Cronley of Pensacola-based Neal & Company represented both the buyer and the seller in this transaction. (Neal & Company)
Edward Cronley of Pensacola-based Neal & Company represented both the buyer and the seller in this transaction. (Neal & Company)
By Anjuanette Goode-Cremony with
CoStar Research
June 4, 2026 | 3:15 P.M.

Ninigret Group acquired a 60,000-square-foot UPS distribution center located at 5509 Industrial Blvd. in Milton, Florida, from Terhaar & Cronley for $9.6 million, or $160 per square foot, in an off-market deal.

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