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MFR Repositioning Opportunity | Corry Station 100 Redwood Cir 132 Apartment Units Online Auction Sale Pensacola, FL 32506
Investment Highlights
- West Pensacola location off N Warrington Road, adjacent to NAS Pensacola Corry Station, places the property in a military- and service-based hub.
- Minimal current occupancy provides immediate value-add upside, allowing investors to begin renovations without displacement and drive rent growth.
- Pet-friendly one-, two-, and three-bedroom floor plans serve a broad renter base and support consistent demand across household types.
- 132-unit, 15-building garden-style apartment community featuring a collection of two- and three-story buildings, including a playground and dog park.
- Classic brick mansard-style construction with exterior unit access supports durability for future enhancements and long-term ownership appeal.
- Pensacola’s diverse economic base, anchored by military and healthcare, and projected household growth, underpins sustained long-term rental demand.
Executive Summary
The Presidio at 100 Redwood Circle is a compelling multifamily value-add investment opportunity established within a military- and service-driven Pensacola submarket. Spanning 132 units, this 15-building garden-style apartment community features a mix of two- and three-story buildings with timeless brick mansard-style construction and exterior unit access. A dedicated leasing office anchors on-site management, while community amenities, including ample surface parking, a dog park, and a playground, enhance tenant appeal. The Presidio offers pet-friendly one-, two-, and three-bedroom floor plans to serve a broad renter base.
Currently minimally occupied, with only a few units leased, the asset presents investors with immediate operational control and the rare ability to commence capital improvements without displacement. Affording flexibility to execute renovations, this vacancy profile repositions the property for today’s renter preferences and re-stabilizes the community at market rents, creating a clear path to near-term upside and long-term cash flow growth.
Situated just off North Warrington Road and adjacent to Naval Air Station Pensacola’s Corry Station, 100 Redwood Circle benefits from consistent housing demand driven by military personnel, civilian employees, and supporting industries. The surrounding commercial corridor includes Walmart Supercenter, Harbor Freight, a concentration of fast-casual restaurants, hotels, and everyday services, reinforcing the area’s role as a primary employment and amenity hub. Several educational institutions, including Warrington Preparatory Academy, SL Jones Christian Academy, and multiple elementary schools, further support long-term residential demand.
Pensacola, the westernmost city in Florida’s Panhandle near the Alabama border, anchors a metropolitan area of approximately 500,000 residents, with roughly 55,000 located within the city proper. The region benefits from a diverse economic base supported by banking, healthcare, military operations anchored by Naval Air Station Pensacola, and energy-related employment. Demographic projections from CoStar indicate a 3.86% increase in households from 2025 to 2030, underscoring anticipated growth and sustained housing demand in the area.
The Presidio offers investors a strategically located, largely vacant multifamily asset with immediate execution capability and clear value-add fundamentals. With favorable demographics and proximity to a proven commercial and military employment corridor, the property represents a timely opportunity to renovate, re-lease, and capitalize on Pensacola’s long-term growth trajectory.
Property tours are by appointment only. Please contact the listing broker to schedule.
Currently minimally occupied, with only a few units leased, the asset presents investors with immediate operational control and the rare ability to commence capital improvements without displacement. Affording flexibility to execute renovations, this vacancy profile repositions the property for today’s renter preferences and re-stabilizes the community at market rents, creating a clear path to near-term upside and long-term cash flow growth.
Situated just off North Warrington Road and adjacent to Naval Air Station Pensacola’s Corry Station, 100 Redwood Circle benefits from consistent housing demand driven by military personnel, civilian employees, and supporting industries. The surrounding commercial corridor includes Walmart Supercenter, Harbor Freight, a concentration of fast-casual restaurants, hotels, and everyday services, reinforcing the area’s role as a primary employment and amenity hub. Several educational institutions, including Warrington Preparatory Academy, SL Jones Christian Academy, and multiple elementary schools, further support long-term residential demand.
Pensacola, the westernmost city in Florida’s Panhandle near the Alabama border, anchors a metropolitan area of approximately 500,000 residents, with roughly 55,000 located within the city proper. The region benefits from a diverse economic base supported by banking, healthcare, military operations anchored by Naval Air Station Pensacola, and energy-related employment. Demographic projections from CoStar indicate a 3.86% increase in households from 2025 to 2030, underscoring anticipated growth and sustained housing demand in the area.
The Presidio offers investors a strategically located, largely vacant multifamily asset with immediate execution capability and clear value-add fundamentals. With favorable demographics and proximity to a proven commercial and military employment corridor, the property represents a timely opportunity to renovate, re-lease, and capitalize on Pensacola’s long-term growth trajectory.
Property tours are by appointment only. Please contact the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Market Analytics Click Here to Access
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Carpet
- Dining Room
- Window Coverings
Site Amenities
- Laundry Facilities
- Property Manager on Site
- Tennis Court
- Laundry Service
- Package Service
- Maintenance on site
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
40/100
Sale Advisors
Sale Advisors
Stephen Perlis,
Broker
Stephen grew up in Birmingham, AL and attended Auburn University with a major in Building Science and a minor in Business. He has been a Broker with TKC since 2021 and loves the ever-changing landscape of the business and sourcing new deals for clients that help them achieve their goals.
Eric Hardesty, Broker
Eric is originally from Memphis, TN and studied accounting at the University of Tennessee, Knoxville. He has been a Broker with The Kirkland Company since 2014 and loves the challenge of keeping up with an ever-changing industry and apartment market.
Wade Lowry, Broker
Originally from Birmingham, AL, Wade attended Auburn University, majoring in Agricultural Business and Economics and minoring in Supply Chain Management. He has been a Broker with TKC since 2018 and loves the business's competitiveness and helping clients achieve their goals.
John Marc Mullins, Broker
Originally from Homewood, AL, John Marc attended the University of Alabama at Birmingham where he studied business marketing. He loves developing lasting relationships with great clients.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Keisha Hartshorn
Contact
Auctioneer License:
Ten-X Commercial, LLC Vibhav Kapila RE Brkr CQ1063389
Contacts
-
Stephen
Perlis
-
Eric
Hardesty
-
Wade
Lowry
-
John Marc
Mullins
-
Rylie
Hardman
-
The Kirkland Company
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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MFR Repositioning Opportunity | Corry Station | 100 Redwood Cir
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