Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire Modera Metro Dadeland (the “Property”) – a transit-oriented, urban infill 25-story high-rise located in Miami, Florida, with tremendous walkability and regional connectivity via access to the Metrorail.

Developed by nationally recognized Mill Creek Residential, Modera Metro Dadeland was completed in 2018 and is comprised of 422 luxury apartment homes. The Property was meticulously designed to provide residents elegant unit features and expansive amenity space. Thus, it has attracted a sophisticated demographic with an average age of 38 and average household income of $147,000.

Modera Metro Dadeland’s quality energy efficient construction with LEED Silver Certification and irreplaceable location position the property for long term, sustainable cash flows in a rapidly growing market.

...
Under Contract
Modera Metro Dadeland
422 Units
8215 SW 72nd Avenue
Miami, FL  33143
Posted: 5/20/2021
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Pine Groves and Princeton Groves, two Class-A surface parked apartment communities totaling 420 units in South Miami-Dade. This offering presents a rare opportunity to acquire new construction, garden-style communities with attainable rents averaging $1,405 per month. Pine Groves and Princeton Groves are being offered to the first time by its developer, internationally recognized AHS Residential.
...
Pine Groves & Princeton Groves Portfolio (2 properties, 420 units)
Pine Groves
204 Units
13081 SW 242nd Street
Miami, FL  33032
Posted: 7/15/2021

Cushman & Wakefield, as exclusive marketing advisor, is pleased to present The Loft at 952 Collins. The property is located in the heart of South Beach, along Collins Avenue, one of the most prominent hotel and retail corridor nationwide. The property currently operates as a licensed hotel building with 22 units all including full kitchens and averaging 370 square feet. The hotel license is transferable. Out of the 22 units, 12 units are currently master-leased to a short-term rental operator, Nuovo Properties LLC. The lease expires in May 2022 and features $21,000 per month in rent. The remaining 10 units are owner-managed and operated as short-term rentals listed on Airbnb.

...
The Loft at 952 Collins
22 Units
952 Collins Avenue
Miami Beach, FL  33139
Posted: 8/3/2021

Cushman & Wakefield, as exclusive advisor, is pleased to present a multifamily investment opportunity to acquire The Shenandoah (the “Property”) – a 24-unit, fully renovated residential asset in the heart of Miami, Florida.

All 24 units are two bedroom/ one bathrooms and have recently been gut renovated with high end finished. Current ownership spent over $2.4 million in improving the property in 2020. This includes hurricane impact windows, new electrical/plumbing, complete interior renovations with new tile flooring, granite counter tops/new kitchen cabinets, stainless steel appliances, and new glass shower tubs and vanities security cameras/ secured building access, exterior paint and resealing/striping parking area. Roads were replaced in 2014. The property offers an onsite laundry facility as well as a leasing office.

The property is 100% occupied. The current gross income at the property is $460,980. New construction two-bedroom units in the immediate rent up to $1,756 and average rents in the submarket are $2,298 with two bedrooms averaging $2,516.

...
The Shenandoah
24 Units
2162 SW 14th Terrace
Miami, FL  33145
Posted: 6/16/2021

Cushman & Wakefield, as exclusive advisor, is pleased to present a multifamily investment opportunity to acquire Town Lantana (the “Property”) – an increasingly scarce east of I-95, new construction, luxury garden apartment development of 360 apartment homes in the growing area of Lantana, Florida. The property is comprised of 14 three-story buildings walk-up units averaging 947 square feet that are serviced by detached garages and car ports. Town Lantana is located less than 0.5 miles from I-95 and 1-mile from the beach.

The community is a short distance from millions of square feet of high-paying jobs in Boca Raton, Downtown Delray Beach and the Central Business District of West Palm Beach. The property also has tremendous access to Lantana Blvd (35,500 cars daily) and will have future walkability to 125,000 square feet of retail that is under construction. The property opened in January of 2020 and has quickly moved through the lease-up process in part due to its market-leading luxury finishes and unmatched amenity offering and a rare low-density setting of 22 units per acre.

...
Under Contract
Town Lantana
360 Units
1001 Watertower Way
Lantana, FL  33462
Posted: 4/19/2021
Cushman & Wakefield, as exclusive marketing advisor, is pleased to present the opportunity to acquire the residential component of a planned redevelopment project in the heart of Downtown Coral Gables, one of Miami’s most affluent addresses. The ±17,500 square foot parcel is site plan approved for development of a 14-story residential tower planned for ±82,300 square feet of residential living area plus 2,540 square feet of ground floor retail space. The seller intends to undertake an extensive renovation of the adjacent, existing three-story office building.
...
100 Miracle Mile
0.4 Acres
100 Miracle Mile
Coral Gables, FL  33134
Type: Land
Posted: 5/4/2021

Cushman & Wakefield has been exclusively engaged to arrange the sale of the Owner’s 100 percent fee simple interest in the 31-acre parcel at 1799 North Williamson Boulevard (the "Property"), an unimproved, residential development site located in Daytona Beach, Florida, with convenient access to Interstate 95 and immediate proximity to a large healthcare & education employment base..

...
1799 Williamson
31 Acres
1799 Williamson Boulevard
Daytona Beach, FL  32117
Type: Land
Posted: 5/3/2021
Cushman & Wakefield is pleased to offer an exciting Wynwood development opportunity totaling ±1.58 acres with ±345‘ of frontage along heavily traveled N. Miami Avenue. The parcels offer flexible mixed-use zoning allowing up to 12 stories and permitting a broad range of uses including multifamily, retail, office and hospitality. The 2400 site is shovel ready (subject to building permit) with all necessary regulatory approvals in place. Existing buildings and asphalt parking provide the opportunity for interim income to offset carrying expenses.
...
Under Contract
Wynwood 2400 & 2500 N Miami Ave (2 properties, 1.58 acres)
2500 N Miami Ave
0.41 Acres
2500 N Miami Ave
Miami, FL  33127
Type: Land
Posted: 3/26/2021
Cushman & Wakefield is pleased to offer 2700 Wynwood, a 1.25 acre landmark development opportunity centrally located on NW 2nd Avenue, Wynwood’s most prominent address. Wynwood is globally recognized as one of Miami’s popular entertainment hotspots. 2700 Wynwood is zoned to permit a broad range of uses, including residential, retail, hospitality and office, among others. Zoning allows building heights up to 8 stories (with bonuses) and the permitted “by-right” residential density is 150 units per acre. (Density can be increased 50% to 225 units per acre through Trust Fund contributions). The property is ideally suited for intense mixed-use development designed to optimize its main and main location at the heart of Wynwood.
...
2700 Wynwood
   
2700 NW 2nd Avenue
Miami, FL
Posted: 5/2/2021
Cushman & Wakefield, as exclusive marketing advisor, is pleased to offer the opportunity to acquire one or more development sites in the Aventura and North Miami Beach submarkets of northeast Miami-Dade County. This land portfolio consists of five properties that are ideally-positioned for multifamily and mixed-use development. Three of the properties generate considerable revenue from existing tenants and therefore represent exciting "covered land plays." The properties can be acquired individually, in groups, or all sites can be acquired together as a portfolio.
...
Land Portfolio - Aventura & North Miami Beach (5 properties, 15.35 acres)
Aventura District Site
4.86 Acres
2681 NE 191 Street
Miami, FL  33180
Type: Land
Posted: 4/25/2021
Cushman & Wakefield, as exclusive marketing advisor, is pleased to offer the opportunity to acquire one or more development sites in the Aventura and North Miami Beach submarkets of northeast Miami-Dade County. This land portfolio consists of five properties that are ideally-positioned for multifamily and mixed-use development. Three of the properties generate considerable revenue from existing tenants and therefore represent exciting "covered land plays." The properties can be acquired individually, in groups, or all sites can be acquired together as a portfolio.
...
Land Portfolio - Aventura & North Miami Beach (5 properties, 15.35 acres)
Aventura Square Site
1.32 Acres
18802 W. Dixie Highway
Miami, FL  33180
Type: Land
Posted: 4/25/2021
Cushman & Wakefield, as exclusive marketing advisor, is pleased to offer the opportunity to acquire one or more development sites in the Aventura and North Miami Beach submarkets of northeast Miami-Dade County. This land portfolio consists of five properties that are ideally-positioned for multifamily and mixed-use development. Three of the properties generate considerable revenue from existing tenants and therefore represent exciting "covered land plays." The properties can be acquired individually, in groups, or all sites can be acquired together as a portfolio.
...
Land Portfolio - Aventura & North Miami Beach (5 properties, 15.35 acres)
Aventura TOD Site
2.25 Acres
19640 W. Dixie Highway
Miami, FL  33180
Type: Land
Posted: 4/25/2021

Cushman & Wakefield, as exclusive advisor, is pleased to present Cottage Cove - a 468-unit value-add opportunity located in Miami, Florida. Situated on 23.75 acres, Cottage Cove provides a low density, value-add opportunity with above market cash-on-cash returns. The property is offered free & clear although there is an option to assume the current loan. The opportunity to acquire a critical mass of units in Miami is rare. In the past 10 years, there has been less than 2 transactions per year of 400+ unit properties in Miami-Dade on average.

Current ownership has spent approximately $3.4 million in improving the property, ensuring limited need for major capital expenditures. Part of the renovations include replacing 94 out of 100 roofs in 2018. A future investor can further enhance the existing cash flows by implementing an in-unit renovation program to modernize the units by replacing carpet with vinyl tile flooring and upgrading kitchens and bathrooms to generate potential additional income of about $440,000. (6.6% over current market rents). There 45 units (9.6%) fully upgraded at the property. These units receive $140 premium over the classic units.

Cottage Cove provides immediate positive cash flow. In the past 12 months, the retention rate at the property was 65% with the most recent month’s retention rate hitting 85%. Over the past year, there has been 229 rent renewals that averaged an astonishing 6% in rent bumps making rent renewal a better option as opposed to renting the units to new tenants at market rents.

...
Cottage Cove
468 Units
12 NE 188th Street
North Miami, FL  33179
Type: Conventional
Posted: 4/26/2021

Cushman & Wakefield is pleased to present the opportunity to acquire Lakeshore Heights - a 160-unit, three-story, garden-style apartment community located in Tallahassee, Florida (the "Property"). Completed in 2000, the Property went through a major renovation in 2019 that converted and upgraded many of the four-bedroom units to studio, one and two-bedroom units. Thirty-two four-bedroom units remain, demonstrating the possibilities for new ownership to complete the renovations. Lakeshore Heights offers residents immediate proximity to retail and dining options, as well as Interstate 10, providing East-West access from Jacksonville to Pensacola. Florida State University, Tallahassee Memorial Hospital, and the Tallahassee International Airport are all within 15 minutes from the Property.

...
Lakeshore Heights
160 Units
1375 Pullen Road
Tallahassee, FL  32303
Posted: 5/19/2021

Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire Moda North Bay Village (the “Property”) – an iconic 8-story midrise located on 4.5 acres on the northernmost point of the North Bay Village islands in Miami Beach and overlooking Biscayne Bay. The property was developed in 2015 by ZOM and comprises 285 luxury apartment homes with an average unit size of just over 1,000 square feet. The property has 1,400 feet of water frontage providing water views for 100% of the units, as well as water access via the marina on the property. A variety of amenities are available to residents including two pools, access to kayaks and paddleboards, and boat/jet ski dockage. Moda is also the newest of four market-rate apartment communities in Miami-Dade to offer an onsite marina. Residents can enjoy ease of commute to downtown Miami/Brickell and Aventura which provide a mix of employment, retail and nightlife. Moda is also less than three miles from the pristine beaches of Miami.

...
Under Contract
Moda North Bay Village
285 Units
8000 West Drive
North Bay Village, FL  33141
Posted: 6/15/2021

Cushman & Wakefield, exclusive marketing advisor, is seeking a recapitalization in REIT share interest in Society Las Olas (the “Property”) – a 34-story, mixed-use, TOD residential high rise located along the New River and renowned Las Olas Boulevard in Fort Lauderdale, Florida. Society Las Olas is the city’s premier rental apartment community that has leased at a record pace despite opening during the peak of the Covid-19 pandemic in late May 2020. The Property is composed of 639 luxury residences and also includes 27,801 square feet of office space, 4,295 square feet of seller owned and fully leased retail and 16,367 square feet of third-party owned and fully leased retail (third-party owned retail is not included in this offering).

Metro areas, including South Florida, are experiencing an affordability challenge as new high-end and highly-amenitized developments lack a broadly affordable entry price point. Society Las Olas’ innovative approach and creative design—through unit size and layout—addresses the problem of ever-increasing entry price points into highly urbanized markets. Society Las Olas’ flexibility of accommodating both rent-by-bedroom (RBB) units and short-term rental (STR) operations at ownership’s discretion allows young urban professionals the opportunity to experience the vibrant downtown at an attractive and cost effective price without sacrificing amenities or living experiences; in fact, they are provided a better one. The Property’s RBB units are proving to be a great starting point for younger renters who then graduate within the building to full units as their needs and careers grow.

The Property’s downtown location along the river and its immediate walkability to the Brightline station presents an extremely rare acquisition opportunity, which a long-term investor will greatly benefit from. Society Las Olas’ premiere quality, expansive amenity offering, and irreplaceable location are best positioned to benefit from the city’s impending growth and expanding transit connectivity for years to come.

...
Under Contract
Society Las Olas
639 Units
301 SW 1st Avenue
Fort Lauderdale, FL  33301
Posted: 4/1/2021

Cushman & Wakefield is pleased to present the exclusive listing of Sunset Marina, the newest waterfront Class-A rental community in the Florida Keys and the only waterfront multifamily rental in Key West. A shortage of rental supply, limited land and limitations on new residential development make the Florida Keys one of the most supply constrained markets in the U.S. Sunset Marina is ideally situated with over 950 feet of direct water frontage on Stock Island in Key West.

The property features 60 spacious townhome units that average 800 square feet. All units are two bedroom/two bathrooms. The property is 98.3% occupied with average market rents of $3,045 per unit. The property includes 23 market rate units and 37 workforce units. The majority (30 out of 37 units of the workforce units) allow for a mix of moderate and middle income which is defined as 110% of 120% of AMI. Adjacent to the property is Sunset Marina a 165-slip marina. Out of 60 units, the 52 (87%) have direct water frontage whereas the remaining 8 units have partial water views.

...
Sunset Marina
60 Units
5555 College Road
Key West, FL  33040
Posted: 2/10/2020
Cushman & Wakefield as exclusive marketing advisor, is pleased to present the opportunity to acquire Valencia South Miami, 67 out of 301 Class A condominium units footsteps from South Miami Hospital, University of Miami, Metro-Rail, and Dadeland. Built in 2004, Valencia South Miami is a 6-story building with a structured parking garage, luxury amenities, and large floor plans that average 1,054 square feet. The 67 units are 100% occupied with $2,380 average market rents. The property is strategically located adjacent to the Metrorail Station of South Miami, only a block away from the 453-bed Baptist South Miami Hospital and a mere 0.2 miles away from Sunset Place, South Miami’s largest shopping mall. Within a 2-mile radius around the property there are 5.4M square feet of retail and 4.4M square feet of office space. Dadeland Mall, a 1.5M square feet mall is located 1.4 miles southwest of the property, in the heart of downtown Kendall, an office market with over 1.5M square feet of Class A office space. The mall is only two Metrorail stops away. Valencia South Miami is one Metrorail stop from the University of Miami campus. The university has a total enrollment of almost 17,000 with approximately 75% living off campus. It also has more than 13,000 full and part-time faculty and staff.
...
Valencia South Miami
66 Units
6001 SW 70th Street
Miami, FL  33143
Posted: 4/8/2021
Cushman & Wakefield, as exclusive marketing advisor is pleased to present Vue on 67th, a garden-style apartment community consisting of 178 units located in Davie, Florida. The project was developed in two phases, Phase I completed in 1973 and Phase II completed in 1974. The property features a unique unit mix of one- and two-bedroom units with an average unit size of 714 square feet. Vue’s Central Broward location with easy access to I-595, allowing residents to benefit from direct access to Plantation’s Midtown Business District, Sawgrass Corporate Park, Fort Lauderdale CBD and the adjacent South Florida Education Center. Vue has undergone renovations to approximately 75% of its units and have been achieving premiums of up to $425+.
...
Under LOI
Vue on 67th
178 Units
4199 SW 67th Avenue
Davie, FL  33314
Posted: 3/17/2021
Cushman & Wakefield, as exclusive marketing advisor, is pleased to offer the opportunity to acquire one or more development sites in the Aventura and North Miami Beach submarkets of northeast Miami-Dade County. This land portfolio consists of five properties that are ideally-positioned for multifamily and mixed-use development. Three of the properties generate considerable revenue from existing tenants and therefore represent exciting "covered land plays." The properties can be acquired individually, in groups, or all sites can be acquired together as a portfolio.
...
Land Portfolio - Aventura & North Miami Beach (5 properties, 15.35 acres)
WH 164 Development Site
1.96 Acres
2261 NE 164th Street
North Miami Beach, FL  33160
Type: Land
Posted: 4/25/2021

Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire LaVida Apartments at Blue Lagoon (the “Property”) - a Class-AAA, 272-apartment-home, luxury midrise residential community located in Miami, Florida. The property is strategically located just minutes south of Miami International Airport at the key intersection of the Dolphin and Palmetto Expressways. Situated at the perimeter of Waterford Business District - the 250-acre Class “A” office park, LaVida provides a true live-work opportunity to over 12,000 campus employees.

LaVida Apartments at Blue Lagoon is being offered for the first time by its developers, Pinnacle and Ascend Properties, and presents a rare opportunity to acquire a new construction, stabilized Miami-Dade luxury apartment community within the picturesque Blue Lagoon neighborhood of Central Miami.

...
Under Contract
LaVida
272 Units
6600 NW 7th Street
Miami, FL  33126
Posted: 5/26/2021
Cushman & Wakefield, as exclusive marketing advisor, is pleased to offer the opportunity to acquire one or more development sites in the Aventura and North Miami Beach submarkets of northeast Miami-Dade County. This land portfolio consists of five properties that are ideally-positioned for multifamily and mixed-use development. Three of the properties generate considerable revenue from existing tenants and therefore represent exciting "covered land plays." The properties can be acquired individually, in groups, or all sites can be acquired together as a portfolio.
...
Land Portfolio - Aventura & North Miami Beach (5 properties, 15.35 acres)
Uptown Biscayne Site
4.96 Acres
16355 Biscayne Boulevard
North Miami Beach, FL  33160
Type: Land
Posted: 4/25/2021
Cushman & Wakefield, as exclusive marketing advisor, is pleased to offer PGA Waterfront, a rare opportunity to develop a top-of-the-market, luxury residential community on almost 9 acres. With over 600 feet of Intracoastal Waterway frontage, the property is approved for 70 residential units and 23 boat slips. Existing conceptual plans reflect 220,080 total sellable SF.
...
PGA Waterfront Site
8.9 Acres
11511 Ellison Wilson Road
North Palm Beach, FL  33408
Type: Land
Posted: 9/5/2018
Cushman & Wakefield is pleased to offer an exciting Wynwood development opportunity totaling ±1.58 acres with ±345‘ of frontage along heavily traveled N. Miami Avenue. The parcels offer flexible mixed-use zoning allowing up to 12 stories and permitting a broad range of uses including multifamily, retail, office and hospitality. The 2400 site is shovel ready (subject to building permit) with all necessary regulatory approvals in place. Existing buildings and asphalt parking provide the opportunity for interim income to offset carrying expenses.
...
Under Contract
Wynwood 2400 & 2500 N Miami Ave (2 properties, 1.58 acres)
2400 N Miami Ave
1.17 Acres
2400 N Miami Ave
Miami, FL  33127
Type: Land
Posted: 3/26/2021