11 Properties | 144 Units | In the Epicenter of East Broward County

The 11 properties are offered as a portfolio or individually

    Cushman & Wakefield, as exclusive marketing advisor, is pleased to present East Fort Lauderdale & Wilton Manors portfolio, a 144-unit in east Broward County of the neighborhood that include Coral Ridge, Fort Lauderdale, Wilton Manors and Victoria Park. The units average 648 square feet with almost 50% 2 or 3 bedrooms. The units are 96.5% occupied. The portfolio offers significant upside by first resetting rents to current market rent levels and second by implementing an in-unit renovation program. Such strategy can grow rents by almost $200 above current levels.
...
East Ft. Lauderdale & Wilton Manors Portfolio (11 properties, 144 units)
Ivy at Wilton Manors
18 Units
2640 NE 8 Avenue
Wilton Manors, FL
Posted: 10/3/2019
Cushman & Wakefield is pleased to present Jacob Apartments, an excellent value-add investment opportunity featuring - 20 oversized apartment units consisting of 12 two-and 8 three bedroom units averaging 1,180 square feet. The area immediately surrounding the property has excellent demographics. Average income in a one mile radius is $80,000, using 25% of income attributable to rent the demographics the immediate support rents of almost $1,700. Nearby public schools are among the best in Broward County which makes the unit mix even more desirable for potential renters.
...
Jacob Apartments
   
10120 NW 36th Street
Coral Springs, FL  33065
Posted: 3/10/2020
Under Contract
Jax Apartments
65 Units
2333 NE Jackson Street
Minneapolis, MN  55418
Cushman & Wakefield is pleased to present Kenilworth at Hazelwood & Windridge and Northwood Ridge, a rare opportunity to acquire a premier value-add portfolio in dynamic locations within the city of Baltimore, MD. Both Properties continue to attract residents due to their unique combination of proximity to strong and growing employment nodes, convenient regional connectivity and relative affordability within the MSA. This renter demand is filtering into incredible Property level operations with rent growth of over 4.0% at both communities over the past 12-months and average annual rent growth of 4.0% since 2017. New investors will be able to generate additional value through in-unit renovations that are being proven out at the Properties and in the broader submarket. Expansion of the current renovation package to include full vinyl wood flooring, granite countertops, in-unit washers and dryers and more will generate additional premiums and create a differentiating factor between the Properties and the competitive set. Upon full renovation, operations will continue to exceed the greater market as the Properties are well positioned to capture a large portion of pent up renter demand for rare premium workforce housing.
...
On Hold
Kenilworth at Hazelwood & Northwood Ridge (2 properties, 550 units)
Kenilworth at Hazelwood and Windridge
345 Units
5738 Cedonia Ave
Baltimore, MD  21206
Posted: 1/29/2020

Kingston Square is a 523-unit work force housing apartment community located on Indianapolis’ suburban east side. Originally developed as a co-op, it was converted to traditional for-rent apartments when the current owner purchased the property in 2013. The residents have benefited from this conversion as the current owner has completed $7.3 million+ in renovations, including a 24hr fitness center, interior unit upgrades and much more.

The community is situated on 24 acres with 29 two-story buildings. It offers an attractive mix of studios, 1-and 2-bedroom units, along with 2- and 3-bedroom townhomes. All the townhome units have washer/dryer hook ups. The units feature baseboard heating with electric sleeve air-conditioning unit, fully-equipped kitchens including new dishwashers and laminate flooring, upgraded bathroom vanities and plumbing fixtures, and a balcony/patio.

Kingston Square is located immediately west of I-465 off Shadeland Avenue, a major commercial thoroughfare, with convenient access to I-70 and I-69. The daily average traffic count on Shadeland is approximately 20,788 cars and I-465 is over 181,000 cars. Residents enjoy a quick commute to downtown Indianapolis and to the popular northside of Indianapolis.

...
Under Contract
Kingston Square
523 Units
7171 Twin Oaks Drive
Indianapolis, IN  46226
Posted: 11/21/2019

11 Properties | 144 Units | In the Epicenter of East Broward County

The 11 properties are offered as a portfolio or individually

    Cushman & Wakefield, as exclusive marketing advisor, is pleased to present East Fort Lauderdale & Wilton Manors portfolio, a 144-unit in east Broward County of the neighborhood that include Coral Ridge, Fort Lauderdale, Wilton Manors and Victoria Park. The units average 648 square feet with almost 50% 2 or 3 bedrooms. The units are 96.5% occupied. The portfolio offers significant upside by first resetting rents to current market rent levels and second by implementing an in-unit renovation program. Such strategy can grow rents by almost $200 above current levels.
...
East Ft. Lauderdale & Wilton Manors Portfolio (11 properties, 144 units)
La Siesta
16 Units
1409-1413 N Dixie Highway
Fort Lauderdale, FL
Posted: 10/3/2019
Cushman & Wakefield, as exclusive marketing advisor, is pleased to present La Siesta, a 16-unit property located at 1409-1413 N Dixie Hwy just north of downtown Ft Lauderdale. The property has shown strong historical occupancies with below market rents. There is significant rental upside by either increasing the rents on the units 4 out of 16 units are on month-to-month leases with low rents or by implementing a value-add program and improving the property while pushing rents even further. Renovated multifamily properties in the immediate area are renting upwards of $1,400 for a one bedroom unit. The property was built in 1972 and has its 40 year certification. The property includes a swimming pool and 20 parking spaces. The units average 592 square feet all one bedrooms. The property is only minutes from Downtown Ft Lauderdale, Flagler Village, Galleria Mall and the beaches. Across the street to the south, units in The Park at Middle River Terrace are selling at over $500,000 per unit.
...
La Siesta
16 Units
1409-1413 N Dixie Highway
Fort Lauderdale, FL
Posted: 1/22/2020
Cushman & Wakefield has been retained by UrbanCore Development, LLC and National Real Estate Advisors, LLC (collectively, "Sponsor") to raise joint venture equity for the construction of LakeHouse (the "Property" or the "Project").

LakeHouse is a fully-entitled 270-unit Opportunity Zone development expected to break ground in July 2020. The Property is currently a ±0.92 acres unimproved parcel situated at Oakland’s renowned Lake Merritt, the city’s most popular public amenity. Sponsor has approvals to build a 26-story, class-A multifamily tower that will provide a fully amenitized living experience in a premier Oakland submarket that is geographically insulated from potential new competition.

Located within a half-mile of the Lake Merritt BART Station and less than one-mile from Downtown Oakland, LakeHouse benefits from its strategic access to the most innovative companies and highest paying jobs in the world. Median household incomes in Oakland are forecasted to grow 20% by 2024 while rental rates are projected to grow 17% during this same time. With its lakefront location and outstanding accessibility to leading employment hubs, LakeHouse provides the rare prospect of investing in a core-quality development with embedded market upside and Opportunity Zone tax benefits.
...
LakeHouse
270 Units
Lake Merritt Blvd. & E 12th Street
Oakland, CA
Posted: 12/3/2019

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Lazul – the premier midrise apartment community in North Miami Beach, Florida. Comprising 349 apartment homes, this 8-story multifamily building opened in October 2018. The property experienced strong absorption and is nearing the end of its lease-up; it is currently 90% occupied. With a 91 Walk Score, the property has access to the rapidly expanding nearby amenities. The Biscayne Corridor has seen a rapid influx of development with office and retail to the north in Aventura and the $4B Sole Mia project to the south. Developed by Eden Multifamily, the property sets the standard for luxury apartment living with market leading finishes and amenities.

...
Lazul
349 Units
2145 NE 164th Street
North Miami Beach, FL  33162
Posted: 10/22/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 156-unit Lexington Park apartment community located in northwest suburban Atlanta, Smyrna, Georgia. This asset has high accessibility off S. Cobb Drive and I-285, and is located within minutes of Cobb County's largest employment hubs (2 miles southwest of Dobbins Air Reserve Base and 4 miles west of the Platinum Triangle). Built in 1963, Lexington Park represents or offers an outstanding opportunity to invest in a well-located asset within a growing Cobb County submarket.
...
Lexington Park
Offers Due:  Wednesday, June 10, 2020
156 Units
2950 South Cobb Drive
Smyrna, GA  30080
Type: Conventional
Posted: 5/13/2020
Under LOI
Lindenwood Court
74 Units
4841 Boyd Street
Type: Conventional
Posted: 6/3/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 58-unit Madison Village apartment community located in northwest suburban Atlanta, in Smyrna, Georgia. This is a well-located asset on Atlanta Rd. right across from Dobbins Air Reserve Base, and sandwiched between S.Cobb Dr. and Cobb Pkwy - two prominent Cobb County corridors. Built in 1969, the timing is right to begin an updated round of upgrades at Madison Village to further boost performance in an affluent submarket with consistently high demand.
...
Madison Village
58 Units
1870 Atlanta Road
Smyrna, GA  30080
Posted: 2/27/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 1995-built, 156-unit Terrace at Olde Battleground , the 1986-built, 120-unit Terrace Oaks apartment community, and 180-unit Madison Woods apartment community located in Greensboro, NC. New ownership has the opportunity to inherit a well-maintained value-add duo, Terrace Oaks & Terrace at Olde Battleground, that could capture a combined 34% increase to portfolio NOI through a targeted interior renovation program, and taking advantage of portfolio operating efficiencies to bring variable expenses more in line with the market. Built in 1968/1973, Madison Woods offers newly implemented revenue streams along with a trial value-add program that is commanding average premiums of $157/mo. over units leasing with standard features.
...
Greensboro Value-Add 3 Portfolio (3 properties, 456 units)
Madison Woods
Offers Due:  Thursday, July 2, 2020
180 Units
5505-A Tomahawk Drive
Greensboro, NC  27410
Type: Conventional
Posted: 2/20/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 264-unit Magnolia Terrace apartment community located in Charlotte, North Carolina. The asset is situated in the amenity rich University City suburb, which is experiencing phenomenal gains in population and employment – firmly cementing it as the second largest employment node in the MSA. Submarket performance continues to outpace the broader metro in rent growth, as average effective rent levels are expected to increase by $120 through 2022, while occupancy remains stable at 95%. Built in 1989, Magnolia Terrace is demonstrating spectacular operating momentum on the back of a recent $3.14M capital infusion and represents an outstanding opportunity to invest in an asset that can capture a 31% NOI boost through a multi-pronged value-add platform.
...
Magnolia Terrace
264 Units
8301 Paces Oaks Boulevard
Charlotte, NC  28213
Type: Conventional
Posted: 2/10/2020
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 2.68-acre Marathon Village Land development site located in Nashville, Davidson County, Tennessee. The site qualifies as an Opportunity Zone and is uniquely situated in the Marathon Village neighborhood, while bordering the highly affluent North Gulch. An additional 1.1-acre site is available in the immediate area. Located less than 1 mile from Downtown Nashville, the site offers an outstanding opportunity for new multifamily construction. Average rents are based on comparable properties outlined in Offering Memorandum.
...
Under LOI
Marathon Village Land
   
1501 Herman Street
Nashville, TN  37208
Type: Land
Posted: 1/16/2019

Mariners Village is a 244-unit apartment community located on Indianapolis’ suburban west side just outside of Indianapolis’ interstate loop. The property sits on a tranquil 60-acre springfed lake which offers scenic views from the property’s pool, deck, and from a number of units. Built in 1978, the community consists of fourteen residential buildings and a clubhouse, situated on almost 16 acres.

Mariners Village offers a variety of unit types, including 40 studio units in two floor plans (20 with popular lofts); 102 one-bedroom units (34 with lofts), and 102 two-bedroom units (34 with lofts). Unit features vary by type but include generous floor plans, private patios or balconies, kitchen pantries and large closets.

Community amenities include the clubhouse with community room, fitness center and saunas; the swimming pool with a large deck overlooking the lake, a jogging/walking path, dog park, picnic areas, laundry facilities on the first and second floor of every hall, and available covered parking.

...
Coming Soon
Mariners Village
244 Units
7135 Islander Drive
Indianapolis, IN  46214
Type: Conventional
Posted: 3/23/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 400-unit, Marquis Gardens apartment community located in Durham, NC. Built in 1972, this asset received a capital investment of over $2 Million including a clubhouse remodel and 7 roofs replaced in 2018. The surrounding market indicates that potential investors can capitalize on a 400-unit value add program, as current rental rates trail recently renovated competitor properties by $200. Marquis Gardens provides residents, a diverse workforce ranging from manufacturing to global tech industries, with the best value in Durham. The growing infrastructure of Durham, muted submarket supply, and ease of accessibility to retail and jobs, provide a very positive future for potential investors.
...
Marquis Gardens
Offers Due:  Thursday, June 4, 2020
400 Units
901 Chalk Level Road
Durham, NC  27704
Type: Conventional
Posted: 5/6/2020

THE LAST REMAINING OPPORTUNITY IN MIAMI WORLDCENTER

Cushman & Wakefield, as exclusive marketing advisor, is pleased to offer a land sale or joint venture opportunity in the development of the middle and western portion of Block A of Miami Worldcenter (the “Offering”), the 2nd-largest active urban mixed-use project in the United States. This represents the last remaining available block within Miami Worldcenter. Phase 1 of this iconic, city-shaping development is currently under construction and will include 320K sf of retail, over 2,000 hotel keys, 600k sf of convention space, 500k sf of office space and over 1,900 residential units. Block A, “the Opportunity”, encompasses approximately 2.18 acres, with the base development capacity of nearly 1,100 residential units and 1.7 million square feet.
...
Miami Worldcenter Block A
1100 Units
1000 NE 1st Avenue
Miami, FL  33132
Posted: 10/11/2019
Mission Springs Apartments is a 306-unit two-story garden style complex built in 1987. It is composed of twenty-five buildings including a stand-alone office. The property is strategically located in the dynamic, yet affordable area of South Tempe. Mission Springs Apartments offers a well-designed attractive product at an affordable price point with modern touches for prospective residents.
...
Under Contract
Mission Springs
306 Units
1311 West Baseline Road
Tempe, AZ  85283
Type: Conventional
Posted: 10/16/2019
Cushman & Wakefield is pleased to exclusively present the opportunity to acquire Montgomery 7 (the "Property"), a high-density transit-oriented development site located in a Qualified Opportunity Zone ("OZ") in San Jose, California. Situated steps from Google’s future Transit Village at Diridon Station, the Property benefits from immediate proximity to the ±8 million square feet of Class-A improvements and 25,000 high paying jobs expected at this transformative urban redevelopment. The Property is located within the Downtown Employment Priority Area overlay, providing an investor the opportunity to develop up to 344 multifamily units.
Montgomery 7’s strategic access to the most innovative companies in the world has positioned its neighborhood as Silicon Valley’s top income growth submarket. Median household incomes in Diridon area are forecasted to grow 20% by 2024 while the number of local households with annual incomes greater than $150,000 is expected to grow 43% during this same time. As a fully-amenitized community located adjacent to Diridon Station, the Property will offer the high end, transit-oriented living experience critical to attracting the region’s most affluent renters.
...
Montgomery 7
0.43 Acres
543-565 Lorraine Avenue
San Jose, CA  95110
Type: Land
Posted: 10/7/2019

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Mosaic at Miramar Town Center, a 487-unit core-plus opportunity located in Miramar, Florida. Developed in 2015, the property contains a unique mix of townhome and midrise units located within the 54-acre master planned Miramar Town Center – a “downtown” with office, retail and civic buildings. The property is well positioned for a new owner to benefit from a value-add program enhancing the unit interiors to include: hard -surface flooring in the bedrooms, new interior paint scheme, backsplash, upgraded refrigerator and technology package. Current ownership has modestly renovated approximately 30 units and has been achieving premiums of $100-200 for bedroom flooring and an additional $25 for new interior paint. There is an established onsite demographic with an average age of 37 and average household income of $101,738 creating a rent-to-income ratio of 21.8%. The location of Mosaic at Miramar Town Center offers the ultimate walkability with excellent access to surrounding jobs, retail amenities and major roadways. Within three miles of the property, there is in excess of 13.2M square feet of office/industrial space.

...
Mosaic at Miramar Town Center
487 Units
11575 City Hall Promenade
Miramar, FL  33025
Type: Conventional
Posted: 2/13/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 336-unit, North Lakes apartment community located in Greensboro, NC. The property offers an outstanding opportunity to invest in a well-performing asset within the economic powerhouse of the Piedmont Triad, strategically located beside a proposed exit off the future Greensboro Urban Loop (840). Built in 1972, North Lakes received a capital investment of over $2 Million in exterior amenities, including 71 roofs replaced in 2019, and ownership-implemented interior upgrades to 125 units. The immediate area is compacted with blue chip demographics, with averages HHI’s of over $94K expected to rise 13% by 2024. A high income renter base paired with the planned Urban Loop presents potential investors with the opportunity to complete the in-place value add program on the remaining 211 units to achieve an additional 26% in annual NOI.
...
Under LOI
North Lakes
336 Units
2905 Cottage Place
Greensboro, NC  27455-2305
Type: Conventional
Posted: 3/25/2020
Cushman & Wakefield is pleased to present Kenilworth at Hazelwood & Windridge and Northwood Ridge, a rare opportunity to acquire a premier value-add portfolio in dynamic locations within the city of Baltimore, MD. Both Properties continue to attract residents due to their unique combination of proximity to strong and growing employment nodes, convenient regional connectivity and relative affordability within the MSA. This renter demand is filtering into incredible Property level operations with rent growth of over 4.0% at both communities over the past 12-months and average annual rent growth of 4.0% since 2017. New investors will be able to generate additional value through in-unit renovations that are being proven out at the Properties and in the broader submarket. Expansion of the current renovation package to include full vinyl wood flooring, granite countertops, in-unit washers and dryers and more will generate additional premiums and create a differentiating factor between the Properties and the competitive set. Upon full renovation, operations will continue to exceed the greater market as the Properties are well positioned to capture a large portion of pent up renter demand for rare premium workforce housing.
...
On Hold
Kenilworth at Hazelwood & Northwood Ridge (2 properties, 550 units)
Northwood Ridge
205 Units
1179 Kitmore Rd
Baltimore, MD  21239
Posted: 1/29/2020

Notch at Norta is a brand new, Class A apartment community located in Indiana’s most vibrant market. The northside is among the country’s fastest-growing and wealthiest areas and offers residents an exceptionally high quality of life.

The community offers an attractive mix of studios, 1 and 2-bedroom units and all with a full-size washer/dryer. The units include high-end finishes such as quartz countertops, wood cabinets with high gage drawer pulls, a flat glass range top, a deep under-mount stainless-steel sink, energy-efficient appliances and vinyl plank flooring.

The amenities at Notch at Nora are equal to or exceed any of its peers. A beautiful clubhouse offers a 24-hour fitness center as well as the leasing and management office. Other amenities include direct access to The Monon trail, a sparkling swimming pool, a fire pit, a grilling station, and a 24-hour package room.

Notch at Nora’s specific location, just to the south of high-traffic 86th Street, gives excellent access to everything the northside and high-end Keystone area have to offer. The community is within minutes of the area’s finest entertainment and shopping and numerous major employment centers.

...
Under LOI
Notch at Nora
186 Units
8502 Westfield Blvd
Indianapolis, IN  46240
Posted: 1/22/2020