75 Nightingale Ln - Apartments FOR SALE


Gulf Breeze, FL 32561
$15,950,000 USD
813-697-1475
75 Nightingale Ln, Gulf Breeze, FL for Sale
$15,950,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

75 Nightingale Ln
Gulf Breeze, FL 32561


HIGHLIGHTS

  • Desirable Location
  • Attractive Unit Mix
  • Supple Constrained Market
  • Value-Add Potential

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire The Breeze Apartments, a 74-unit apartment community in Gulf Breeze, Florida (the “Property”). Constructed in 1966 and renovated between 1990 and 2023, the Breeze Apartments is a desirable residential community in the heart of Gulf Breeze and seconds from Pensacola Bay. The Breeze Apartments is a seventy-four (74) unit apartment community spread across (4) two-story buildings. The community features a desirable unit mix containing two (2) Studio units, sixteen (16) 1-Bedroom/1- Bathroom units, forty-eight (48), 2-Bedroom/1.5-Bathroom units and eight (8), 3-Bedroom/2-Bathroom units with 67,826 square feet of gross living area on 4.09 acres of land. The Property offers direct entry units, ample on-site parking, an on-site laundry facility, well-maintained grounds with ample green space, a central courtyard and swimming pool. Located at 75 Nightingale Lane on the Fairpoint Peninsula, The Breeze Apartments is one of only a handful of residential communities in Gulf Breeze. The community is well positioned in the center of Gulf Breeze and offers convenient access to area schools, retailers and restaurants, primary roadways and incredible access to area beaches and parks, while still being in close proximity to downtown Pensacola, and all of the amenities of the area’s largest city. The Property is seconds from Gulf Breeze Parkway (US Highway 98), the area’s primary commercial and commuter corridor, three miles from Pensacola Beach, and five miles from Downtown Pensacola.

FOR SALE DETAILS

PRICE

$15,950,000 USD

PRICE/SF

$235 USD /SF

# OF UNITS

74

PRICE/UNIT

$215,541

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Breeze Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.09 AC

LAND SF

178,160 SF

ZONING

C1

APN/PARCEL ID

05-3S-29-0000-00600-0000

ASK ABOUT THIS PROPERTY

Adam PodbelskiHorvath & TremblayMore Info
813-697-1475

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Adam PodbelskiHorvath & TremblayMore Info
813-697-1475

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.