Bennett Apartments Acquired by BCP

March 23, 2023 - Bayfront Capital Partners is pleased to announce their acquisition of Bennett Apartments, a 39 unit multi-family complex in North Central Pensacola that has been owned and operated by the original developers since 1972. The entire property consists of 33,068 SF and sits on 8.2 acres. The property has been well maintained and contains an extremely stable tenant base. Strategically located between I-10 and Highway 90, the property sits near West Florida Hospital, Baptist Medical Park and the University of West Florida. There is a tremendous amount of retail, service, and traditional commercial uses in the immediate area. The original plat consists of numerous, additional pads. There will be an opportunity to add approximately 15 more units once construction pricing levels off and debt pricing settles.