Cushman & Wakefield, as exclusive marketing advisor, is pleased to offer this opportunity to acquire one or more South Florida Transit- Oriented Development sites. This TOD land portfolio consists of five sites within immediate proximity to Brightline rail stations in downtown Miami and downtown Fort Lauderdale. All of the sites are zoned to permit intense, mixed-use development. The properties can be acquired individually, in groups, or all sites can be acquired as a portfolio.
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Under Contract
South Florida TOD Land Portfolio (5 properties, 7.19 acres)
FECI Land Fort Lauderdale North Grouping
1.88 Acres
Type: Land
Posted: 1/8/2021
Cushman & Wakefield, as exclusive marketing advisor, is pleased to offer this opportunity to acquire one or more South Florida Transit- Oriented Development sites. This TOD land portfolio consists of five sites within immediate proximity to Brightline rail stations in downtown Miami and downtown Fort Lauderdale. All of the sites are zoned to permit intense, mixed-use development. The properties can be acquired individually, in groups, or all sites can be acquired as a portfolio.
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South Florida TOD Land Portfolio (5 properties, 7.19 acres)
FECI Land Fort Lauderdale West Grouping
0.9 Acres
Type: Land
Posted: 1/8/2021
Cushman & Wakefield, as exclusive marketing advisor, is pleased to offer this opportunity to acquire one or more South Florida Transit- Oriented Development sites. This TOD land portfolio consists of five sites within immediate proximity to Brightline rail stations in downtown Miami and downtown Fort Lauderdale. All of the sites are zoned to permit intense, mixed-use development. The properties can be acquired individually, in groups, or all sites can be acquired as a portfolio.
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Under Contract
South Florida TOD Land Portfolio (5 properties, 7.19 acres)
FECI Land Miami North Parcel
1.38 Acres
Type: Land
Posted: 1/8/2021
Cushman & Wakefield, as exclusive marketing advisor, is pleased to offer this opportunity to acquire one or more South Florida Transit- Oriented Development sites. This TOD land portfolio consists of five sites within immediate proximity to Brightline rail stations in downtown Miami and downtown Fort Lauderdale. All of the sites are zoned to permit intense, mixed-use development. The properties can be acquired individually, in groups, or all sites can be acquired as a portfolio.
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Under Contract
South Florida TOD Land Portfolio (5 properties, 7.19 acres)
FECI Land Miami South Parcels
1.31 Acres
Type: Land
Posted: 1/8/2021

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.

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

Cushman & Wakefield is pleased to present the opportunity to acquire Tuscan Reserve - a Class A, 123-unit, two & three-story, garden-style apartment community located in Palm Coast, Florida (the "Property"). Completed in 2021, the Property offers residents top-of-the-market finishes, and immediate proximity to retail and dining options, as well as AdventHealth Palm Coast. Tuscan Reserve is located within minutes of both Interstate 95 and Flagler Beach. With thoughtful unit layouts in a mix of one, two, and three-bedroom apartments, Tuscan Reserve has set a new standard for luxury apartment living in Palm Coast.

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Tuscan Reserve
123 Units
402 Tuscan Reserve Drive
Palm Coast, FL  32164
Posted: 4/29/2021
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.
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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..

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1799 Williamson
31 Acres
1799 Williamson Boulevard
Daytona Beach, FL
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.
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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.
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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.
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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 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.

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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.

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

Cushman & Wakefield, as exclusive advisor, is pleased to present Ocean House – the largest garden style multifamily community on Miami Beach. Ocean House is situated on over four-acres with over 750 feet of direct water frontage and totals 186 units in 23 two-story buildings. The property offers a favorable unit mix with 72% of units two or three bedrooms. The property is 97% occupied with exceptional strong collections during COVID-19.

In the past few years ownership has spent over $13 million in renovating the property. All units have been upgraded to one of two finish levels. 96 of the 186 units (±50%) have been upgraded to a “gold standard”. The other 90 units (±50%) have been upgraded to a platinum standard. Platinum units are renting $115 higher per unit per month.

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Under Contract
Ocean House Nobe
186 Units
7750 Tatum Waterway Drive
Miami Beach, FL
Posted: 2/5/2020

Cushman & Wakefield is pleased to present the opportunity to acquire Parkside at East Village, a Class A, 282-unit, three-story, garden-style apartment community located in Lady Lake, Florida.

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Parkside at East Village
282 Units
13765 NE 136th Loop Road
Lady Lake, FL  32159
Posted: 3/22/2021

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.

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Sunset Marina
60 Units
5555 College Road
Key West, FL  33040
Posted: 2/10/2020

Cushman & Wakefield has been exclusively engaged to arrange the sale The Cottages of Wildwood, a fully entitled and shovel ready, 9.98-acre, build-to-rent ("BTR") development site (the "Property"). The Property is zoned R-3, Medium Density Residential and current plans propose a 71-unit BTR apartment complex, consisting of one- and two-story detached cottages and townhouse-style residential buildings, a single-story clubhouse and pool, dog park, as well as two 5-car detached garage buildings and a maintenance building.

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The Cottages of Wildwood
   
5092 NE 81st Boulevard
Wildwood, FL  34785
Posted: 5/7/2021
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.
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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+.
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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.
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Land Portfolio - Aventura & North Miami Beach (5 properties, 15.35 acres)
WH 164 Development Site
   
2261 NE 164th Street
North Miami Beach, FL  33160
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.
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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.
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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.
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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

Cushman & Wakefield, as exclusive advisor, is pleased to present an exceptional investment opportunity to acquire Emerald Landings (the “Property”) – a 20-unit, luxury townhome community located in Tamarac, Florida. The property was built in 2015 to sell as individual townhomes. No townhomes were sold and the property operates as a single folio and ownership of all units.

Emerald Landings represents the rare opportunity for an investor to acquire a boutique, luxury townhome community without any HOA obligations. The property offers strong in-place income. Current market rents at the property are $2,364 whereas in place effective rents are $2,210 per month. A new investor can recognize revenue upside by eliminating $36,900 or $154/u/m in loss-to-lease by renewing or offering new leases to the units which are at below market levels. A new owner will also have the potential exit strategy of selling the units individually once the “for sale” market stabilizes.

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Under Contract
Emerald Landings
20 Units
7561 NW 88th Terrace
Tamarac, FL  33321
Posted: 4/8/2021