About The Emory
OM AVAILABLE SOON
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Emory, a 200-unit apartment community located in Pensacola, FL. This asset is situated in the highly desirable Ferry Pass submarket of north Pensacola along FL-291 (52K+ VPD), a high-traffic thoroughfare that provides quick access to the city’s employment cores, International Airport, quality retail, and Interstates 10 (91K+ VPD) and 110 (72K+ VPD). Since acquiring the property, current ownership has executed a comprehensive renovation program, upgrading 100% of units and completing significant capital improvements (over $8M in CapEx) to exteriors, amenities, and common areas. Built in 1983, The Emory represents an outstanding opportunity to acquire a well-capitalized asset with excellent visibility and access to employment and retail corridors in a top-performing submarket in the Southeast. The offering is being marketed through a courtsupervised Chapter 11 bankruptcy process, providing investors with the opportunity to acquire a recently renovated asset at a potential discount to prior basis and replacement cost.
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