Fairfield Lakes Apartments – Closed on October 18, 2018

Fairfield Lakes Apartments – Closed on October 18, 2018

Price: $ 29,000,000

Total Number of Units: 268

Address: 8100 US Highway 98, Pensacola, FL, United States

  • 95%+ T12 Occupancy
  • $113,500 of In-Place Loss-to-Lease Upside Based on Current Asking Rents ($35/unit/year)
  • Up to $300 of Rental Upside based on Most-Direct Market Competitors
  • Opportunity to Perform Strategic Capital Upgrades to Unit Interiors
  • $365 Affordability Gap Between the Cost-to-Own in the Immediate MSA and the Current Average Effective Rent at Fairfield Lakes Apartments

Call for Offers: Wednesday, February 14th by 5pm EST

>>Click Here to View Offering Documents<<


Lead Agent(s): Francesco P. Carriera or Michael P. Regan

Location Highlights

  • Navy Military Presence Contributes a $7 Billion Annual Economic Impact and 63,000 Local Jobs
  • University of West Florida (12,979 Students)
  • Pensacola State College (26,000 Students)
  • Pensacola Beach (#7 U.S. Beach in 2017 According to Trip Advisor)
  • Baptist Hospital (6,500 Jobs)
  Fairfield Lakes Apartments from Carriera Regan on Vimeo.

Additional Photos