Berkadia successfully brokered the sale of West Woods Apartments, a 268-unit multifamily property in Pensacola, Florida, highlighting its strong occupancy and potential for income growth.

Target Information

West Woods Apartments is a 268-unit, institutional-quality multifamily community situated in Pensacola, Florida. The property, which was constructed in 2016 and 2017, spans 14 acres and features twelve three-story, wood-frame residential buildings, a clubhouse, a leasing office, and two maintenance buildings. With its relatively recent construction, West Woods maintains high-quality amenities and is 96% occupied, providing a stable income for investors.

Each apartment unit at West Woods boasts modern features, including gourmet kitchens with granite countertops and stainless steel appliances, plank flooring, and spacious walk-in closets. The community offers one-, two-, and three-bedroom floor plans that average 1,087 square feet, catering to a variety of family sizes and preferences.

Industry Overview

Pensacola, Florida, is experiencing a robust growth phase within its multifamily housing sector, driven by steady population increases and a diversified economy. The presence of significant employers, such as th