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WATERMARK OF GULF BREEZE ASSISTED LIVING FACILITY IN GULF BREEZE, FLA. SELLS FOR $8.2 MILLION

FOR IMMEDIATE RELEASE

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Gulf Breeze, Fla. (November 22, 2021) – Coldwell Banker Commercial is pleased to have represented the seller in the sale of Watermark of Gulf Breeze Assisted Living Facility located at 101 McAbee Ct. in Gulf Breeze, Fla. The property sold for $8.2 million.

Michael Mangrum, commercial state director for Coldwell Banker Commercial NRT in Florida, brought the property to market with Coldwell Banker Commercial NRT’s accelerated marketing team led by David Lowry and Roman Tsimberg. The unique marketing approach created significant interest in the asset.

By using accelerated marketing platform capabilities and vast experience, the sales team was able to attract over 6353 buyers with 138 Confidentiality Agreements signed and 16 fully approved bidders before the auction day, resulting in the property trading within 120 days of the listing at 107% of the reserve price. 

“Watermark of Gulf Breeze has shown strong performance by consistently increasing occupancy to above 80%, making it an exceptional value-add property with opportunistic returns,” said Mangrum.

About Coldwell Banker Commercial NRT

Coldwell Banker Commercial NRT, the local affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types.  With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com

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