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Crystal Lake

Posted: 3/31/2022
224 Units
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Under Contract
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Crystal Lake
Under Contract
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Crystal Lake
Under Contract
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Crystal Lake
Under Contract
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Crystal Lake
Under Contract
Slideshow Image
Crystal Lake
Under Contract
Slideshow Image
Crystal Lake
Under Contract
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Crystal Lake
Under Contract
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Crystal Lake
Under Contract
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Crystal Lake

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About

About Crystal Lake

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 224-unit Crystal Lake apartment community located in Pensacola, FL. This asset is situated along US-98 (23K+ VPD), a high traffic thoroughfare that provides quick access to the city’s employment cores and quality retail. Pensacola is benefitting from Navy Federal Credit Union’s rapidly expanding campus that is ahead of schedule to employ 10,000+ by 2026. Current owners have successfully started an interior value add program that has achieved $245 avg. rent increases over prior unrenovated rents. Built in 1997 with a quality physical plant, Crystal Lake provides an excellent opportunity to invest in a performing asset with proven value-add premiums.

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