Dean Estates

About Dean Estates

The Offering

Cushman & Wakefield’s Multifamily Advisory Group, in collaboration with Ten-X, is pleased to offer for sale via auction, Dean Estates, a 48-unit, 100% market rate, value-add apartment investment opportunity located in Cranston, Rhode Island. Built in 1976, the property is comprised of two (2) three-story garden style residential buildings, spread across 1.71 acres. The property boasts an attractive mix of twenty-four (24) one-bedrooms and twenty-four (24) two-bedroom units. Unit sizes far exceed market standard, with one-bedroom units averaging 830 square feet and two-bedrooms averaging 1,150 square feet.

Dean Estates is located in one of suburban Rhode Island’s premier residential submarkets, offering tenants access to the local Municipalities’ strong public schools, as well as countless retail, entertainment, and dining attractions, all located in immediate proximity to the Property. Major brands such as Whole Foods, LA Fitness, Rolex, and Lululemon all have brick and mortar locations within 1.5 miles of the property.

Dean Estates represents an opportunity to acquire a value-add apartment community in a highly regarded submarket at a significant discount to replacement cost and free and clear of any in-place financing.

Pricing and Auction Process

Dean Estates is available on an “as-is, where-is” basis and is being offered without a formal asking price. Property due diligence materials are available to qualified buyers upon execution of a confidentiality agreement. Tour dates will be made known to registered buyers prior to the auction deadline. Please visit www.Ten-X.com to sign the confidentiality agreement, download the due diligence materials, and register for the auction. The live online auction will commence on Monday, October 21st and will conclude on Wednesday, October 23rd.