Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present The Riverwalk at Salem, a pristine 276-unit apartment community located in Salem, VA. The Property is well located in the high growth Roanoke MSA and creates a rare opportunity for investors to acquire scale in this supply constrained locale. The Property offers proven value-add upside from a combination of in-unit renovations and increased operational efficiency. These value enhancing strategies will combine with future economic growth across the region from a variety of employment sectors that are keeping apartment fundamentals strong. Key industries, including the Meds & Eds sector, are seeing sustained economic growth that has caused the MSAs to reach full employment with record low unemployment. Economic stability is leading to incredible apartment market fundamentals with rent growth and vacancy outperforming long term averages. The Riverwalk at Salem represents a rare opportunity to acquire a proven value-add opportunity in this expanding economy.

Cushman & Wakefield is pleased to introduce the opportunity to purchase Twillingate, an attractive, garden-style asset comprised of 52 units located on the METRO Light Rail on 19th Avenue. This submarket is expected to exceed above average revenue growth due to improved demographics associated with the impact of the METRO Light Rail operation and redevelopment of the Metrocenter area nearby.

Find out more about the value-add opportunities available with interior upgrades coupled with strong occupancy and convenient location. Contact us today to schedule your personal tour of Twillingate.

Cushman & Wakefield, as exclusive advisor, is please to present the Victoria Park Townhome development site. The 40,500 square foot site is located ½ block south of Sunrise Boulevard in the highly desirable Victoria Park neighborhood of Ft Lauderdale. The site has preliminary drawings for an 18-townhome development totaling 45,840 sellable square feet or 2,547 sellable square feet per townhome. The zoning is RMM-25 which allows for residential multifamily midrise development of no more than 35 feet high. The max density is 25 units per acre- hence 23 units are allowable. The proposed townhomes feature 3 stories with elevators for an average townhome size of 2,547 SF.

The site currently has four duplexes, One Single Family Residence, and One Triplex that generate $172,000 in yearly gross income and $78,000 in expenses providing $94,000 in net operating income. The last lease expires January 2020.

Utilities and Services: all necessary utilities and public services including water, sewer, electricity and telephone are available in adequate capacity to support development on the site.

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in Villa Esta, a 28-unit apartment building located in San Leandro, California. Situated within walking distance of the San Leandro BART station and immediately proximate to Interstates-880 and -580, the Property offers market proven value-add potential with strategic access to the San Francisco Bay Area’s most notable employers.

Current ownership has self-managed Villa Esta for approximately 40 years. Completed capital improvement projects include: seismic retrofit, elevator mechanical systems replacement, resurfacing of driveways/parking stalls and partial roof replacement.

Villa Esta provides the unique opportunity to acquire a sizeable value-add property situated in a preferred inner East Bay community. No units at the Property have been updated to modern finishes – 1 bedroom and 2 bedroom rents average $1,201 and $1,400, respectively. Meanwhile, rehabbed 1 bedroom rents in the immediate area command rents up to $2,150 and renovated 2 bedroom units lease for upwards of $2,395. With three vacancies and 25 month-to-month leases, investors can execute on the neighborhood’s market proven value-add strategy and quickly unlock Villa Esta’s tremendous upside potential.

The Cushman & Wakefield Oklahoma Multifamily Advisory Group is pleased to present the exclusive listing of the 344-unit Village at Stratford apartment community located in Oklahoma City, Oklahoma. This asset is situated in the rapidly-expanding north Oklahoma City, near the desirable Chisholm Creek development and Memorial retail corridor. Featuring many national retailers, this north Oklahoma City apartment community offers easy access throughout the entire Oklahoma City Metro. Built in 1984, Village at Stratford represents an outstanding opportunity to invest in a stabilized value-add opportunity with strong market fundamentals.