About Park at Cortona
Cushman & Wakefield, as exclusive advisor, is pleased to present The Park at Cortona, a 220-unit value-add multifamily asset located in Lakeland, Florida. Constructed in 1989, the lakefront property features 3-story walk-up buildings with 8-foot ceilings on the first and second floors and vaulted ceilings on the top floors, and an average unit size of 794 square feet. The Park at Cortona has been well-maintained with over $2.3 million in recent capital improvements by the seller and represents a tremendous opportunity for increased cash flow generated through the continuation of an in-unit renovation program. Additional enhancement potential can be realized through development of the 9.16-acre Phase II land planned for 160 additional units.