PENSACOLA, FL-Franklin Street Real Estate Services has closed the sale of an apartment property in Pensacola. PBE Companies, LLC has sold Chateau and Carriage House Apartments situated at 7200 Lillian Highway and 7155 N. 9th Ave. to Pensacola Apartment Group, LLC.
The sales price of $2.1 million represents $18.43 per square foot and $12,805 per unit. The Chateau comprises 11 two-story structures with 98 units and the Carriage House comprises 7 two-story structures with 66 units. Franklin Street represented both parties in the deal. For the full story, go to Florida Real Estate Journal .
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