About
About Avalon
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Avalon Apartments, a 276-unit apartment community located in Pensacola, Florida. Built in 2008, Avalon arrives to market 95% occupied and is strategically positioned within the desirable North Pensacola submarket, which boasts an average household income of approximately $97,000. The property offers convenient access to Interstate 10 (56K VPD) and Highway 90 (36K VPD), providing residents with direct access to the region’s largest employment centers. Avalon is also located just seven minutes from Navy Federal Credit Union (8,500+ jobs) and is well positioned to benefit from the planned Birdon shipbuilding facility, which is expected to create more than 2,000 jobs. The property has maintained strong operating performance, averaging 95% occupancy over the trailing 12 months. Based on Cushman & Wakefield’s market-backed value-add analysis, direct comparable properties support approximately $200 per unit in rent upside with an estimated 34% ROI. Avalon represents a compelling opportunity to acquire a well-located, institutional-quality asset with durable cash flow and meaningful value-add potential.
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