- Systematic Value-Add Opportunity
- Desirably Located within the Submarket
- Proximity to Large Employers
- Offered Significantly Below Replacement Cost
Systematic Value-Add Opportunity
With 100% classic units, Broadview Oaks allows a new operator to implement a property-wide, systematic unit interior renovation plan. By updating kitchens, flooring, and vanities/fixtures, a new owner unlocks the opportunity to increase rents by an average of nearly $197/mo, leading to an increase of $212,731 to the Effective Gross Income.
Desirably Located Within the Submarket
With close proximity to major highways, like Interstate 110 and Interstate 10, Broadview Oaks allows for easy access to surrounding areas. In addition, the property is located adjacent to Sam’s Club, BTW High School, and multiple major shopping centers and restaurants.
Proximity to Large Employers
Broadview Oaks is ideally located within 2 miles of multiple large employers. Broadview Oaks sits less than 2 miles from Pensacola International Airport, which boasts over 16,000 jobs. Broadview Oaks is also proximate to other employers like Ascension Sacred Heart Pensacola Hospital, Cordova Mall, and Pensacola State College.
Offered Below Replacement Costs
Broadview Oaks is offered at a price well below replacement cost, allowing a new owner to enter or expand in the market at an attractive basis. Given the location, a new owner would be positioned correctly to capitalize on the built-in equity of the property.
