About
About Northwoods
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 432-unit Northwoods apartment community located in Pensacola, Escambia County, FL. The property is situated in the highly desirable Ferry Pass submarket of north Pensacola, a strategically positioned and supply-constrained area benefiting from proximity to Pensacola International Airport, Airport Boulevard, and Interstate connectivity. Built in 1980, Northwoods represents an outstanding opportunity to acquire a well-located, institutional-scale asset with more than $6.9M of capital improvements already completed from 2023-2025, providing a stabilized physical platform and reduced near-term capital risk. This asset presents a clear Value-Add opportunity through continued renovations to create high income growth. Located in the supply-constrained Ferry Pass submarket near the Davis Highway/I-10 corridor, the asset benefits from strong connectivity, expanding employment drivers, and population growth outpacing new supply—supporting durable cash flow and long-term appreciation.
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