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About
About Preserve at Henderson Beach
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Preserve at Henderson Beach, a 340-unit Class ‘A’ apartment community built in 2009, located along Florida’s Gulf Coast. Ideally positioned in the heart of Destin, The Preserve at Henderson Beach offers residents a premier coastal living experience with convenient access to the area’s top lifestyle amenities. Destin is home to some of the most renowned beaches in the U.S., driving consistent demand and strong demographic growth. The property benefits from proximity to Destin Commons (2 miles), one of the area’s most prominent retail destinations, featuring over 590K square feet of highly sought-after retail and dining.
The Preserve at Henderson Beach presents a compelling investment opportunity, offering a unique amenity package, access to ‘A’-rated schools, and strong local demographics. The asset is offered below replacement cost and includes attractive in-place assumable senior and supplemental debt, featuring a 3.26% senior interest rate and +/- 3 years of remaining interest-only period, providing the next investor with strong ‘going-in’ yields. The Preserve at Henderson Beach also features 65 renovated units garnering $200+ rent premiums. The next investor has the opportunity to renovate the remaining 275 classic units and significantly enhance rental revenue.
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