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Avana Cypress Creek

Posted: 11/8/2022
220 Units
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About

About Avana Cypress Creek

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Avana Cypress Creek, a 220-unit multifamily asset located in Broward County. Delivered in 2009, Avana Cypress Creek represents a tremendous value-add opportunity to continue and expand on the current renovation program. Previous ownership has started renovating the units and is achieving average premiums of $75+. With well-designed floorplans and direct-access garages in 36% of the units, Avana Cypress Creek is poised to better compete with the newer assets which were recently delivered in the market. The current upgrades include vinyl-plank flooring, backsplash, Nest thermostats and other in-unit upgrades. The property is located adjacent to Florida’s Turnpike, providing excellent exposure and connectivity to South Florida’s largest employment centers of Cypress Creek, Sunrise, Plantation and Boca Raton.

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