Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 64-unit, SureStay Studio Pensacola, location in Pensacola, Florida. The subject property is located on 1.73 acres of land and features 2 floors of well-maintained guest rooms. Premium amenities at the hotel include an outdoor swimming pool with lounge chairs for guest to enjoy during their stay. Common area amenities include complimentary breakfast, fitness center, 24-hour front desk, guest laundry facilities, fax & photocopy machines, free on-site parking, and vending machines. Each guest room is equipped with free Wi-Fi, flat-screen TV, microwave, refrigerator, in-room coffee & tea maker, hairdryer, iron & ironing board, and desk with chair. The SureStay is ideally located off I-10 in Pensacola with close proximity to all demand generators. The Pensacola area benefits from its coastal location in the Panhandle of Florida, with a variety of attractions including universities, medical centers, a naval base, and beaches. University of West Florida, 3.5 miles away, is a medium-sized university, offering more than 100+ degree options and an enrollment of nearly 7,000 students. Other nearby colleges include Pensacola State College, and Pensacola Christian College, which are both within 4 miles of the subject property. Pensacola is home to many large hospitals including HCA Florida West Hospital (1.5 miles), Ascension Sacred Heart Pensacola Hospital ( 3 miles), Baptist Hospital (7.5 miles), and Naval Hospital Pensacola (12.5 miles). A large demand generator for the area is the Naval Air Station Pensacola, 10.5 miles away, which was the first commissioned Naval Air Station and features 8,000+ acres of land. The National Naval Museum, less than 11 miles away, is a renowned naval museum and one the most-visited museums in Florida in terms of aviation. For easy traveling to the area, the Pensacola International Airport is located 4 miles away and provides service to nearly 2 million passengers annually.