Cushman & Wakefield is pleased to present the opportunity to acquire Bungalow Walk at Lakewood Ranch - a Class AA, 228-unit, single-family, build for rent community (the "Property"). The Property is located in Sarasota, Florida, within Lakewood Ranch, the nation’s second-fastest selling master-planned community.
The Cushman & Wakefield St. Louis Capital Market's Team is pleased to offer for sale the 100% fee simple interest in the Butler Brother's building located at 1717 Olive Street in St. Louis, MO. The Butler Brother's building is a premier multifamily/hotel "loft" redevelopment opportunity positioned in the heart of St. Louis' Downtown "Loft District". As-is, the building contains 718,660 square feet and consists of eight stories. A preliminary redevelopment plan includes 342 multifamily units with 397 garage parking spaces and two retail spaces. A portion of the property could also be redeveloped into a hotel that would compliment the residential component.
Fueled by public and private investments, St. Louis is in the midst of a renaissance that is reigniting the growth and vibrancy of the downtown core. Over $8 billion has been invested in downtown since 2000 with $3 billion in development underway or proposed. Among these developments is St. Louis' highly anticipated MLS expansion team's proposed stadium, which is expected to drive significant investments in infrastructure in the surrounding area. Butler Brother's is located just three blocks from the MLS site, offering an exceptionally rare opportunity to acquire one of Downtown St. Louis' last remaining large historic buildings in an area poised for significant growth and long-term appreciation.
The Cushman and Wakefield Mid-Atlantic Multifamily Advisory Group is pleased to present The Delaware County Portfolio, a demonstrated value-add opportunity just 15 minutes from Downtown Philadelphia. Totaling 40 units, the two Properties Dutton Place and Cannon Court are within 1.5 miles of each other, and can be acquired in tandem with Washington Square in Prospect Park, PA. These sister communities are well-positioned for a value-add strategy, programmatically making cosmetic renovations of existing kitchens and bathrooms, while reducing operating expenses, and increasing rents substantially. The Delaware County Portfolio as well as Washington Square, offer a rare opportunity to acquire multi-generational assets that can be centrally managed.
Thanks to its affordability and its growing, healthcare-driven economy, Philadelphia has long been known as one of the most stable major apartment markets., with trailing 12-month asking rent growth running at an impressive 9.3% in the fourth quarter of 2021. Suburban apartment performance continues to rise, with many employers allowing their workers to work remotely, Suburban Philadelphia rent growth is forecasted to post a 10% year over year gain, compared to a 4% increase in 2020.
Cushman & Wakefield is pleased to present the opportunity to acquire 36 units in Morgantown, West Virginia.
Located one mile from Med Center which contains West Virginia University's expansive hospitals and medical institutions, Cedarstone Apartments provides the unique opportunity for an investor to acquire 36 units in a high barrier to entry market surrounded by world class education, culture and the region's top employers. The property is ideal for students and professionals alike boasting spacious floorplans, in-unit upgrades and off-street parking.
Some of the units have been partially upgraded and include updated kitchen with granite counter tops, washer/dryer, dishwasher, central air conditioning, a private deck and one off-street parking space. Tenants pay all utilities including garbage. There is value-add potential for an investor by improving units and the exterior façade further to feature a modern aesthetic making these units stand out even more in an extremely competitive rental market.
Centerra is a 202-unit, garden-style apartment community located near Frank Lloyd Wright Boulevard and Shea Boulevard in Scottsdale, Arizona. This location offers residents easy access to employment, high-end shopping, outstanding dining experiences, nightlife and recreation in Scottsdale. The property has been renovated, with all 202 units upgraded.
An Albertsons grocery store is immediately north of the property and a Safeway grocery story is to the west, both within walking distance. Cholla Park and Ancala Country Club are minutes away, as well as dining options such as The Americano, Rosati’s Pizza, Cold Beers & Cheeseburgers, Vito’s Italian Ristorante, First Watch and Blue Adobe Santa Fe Grill. Scottsdale Fashion Square, Kierland Commons, Scottsdale Quarter, Paradise Valley Mall and High Street are all within a short drive of Centerra.
Centerra offers residents two resort-style pools and spas, fire pit with surround seating, barbecue/picnic area, newly designed fitness center with free weights, off-leash dog park and covered parking.
Interior amenities include washers/dryers, Whirlpool stainless steel appliances, microwaves, granite countertops in kitchens, new cabinets in kitchens and baths, walk-in closets, wood-style flooring, window coverings, extra storage, carpeting, and private patios/balconies. Ceiling fans and wood burning fireplaces are offered in select units.
All 202 of the unit interiors have been recently upgraded and a significant portion of the exterior and common areas have been upgraded. Please see pages 10-11 for a list of the recently completed upgrades and enhancements.
Cushman & Wakefield, as exclusive advisor, is pleased to present City Place at Celebration Pointe, a 220-unit, class AA garden-style apartment community located within the Celebration Pointe Mixed-Use Development in Gainesville, Florida (the "Property"). Completed in 2021, and fast approaching stabilization, the Property features a unit-mix with 54.5% one-bedroom units, 40.0% two-bedroom units, and 5.5% three-bedroom units with an average unit size of 945 square feet. The Property features top-of-the-market interior finishes and boasts an extensive amenity package including a resort-style pool, state-of-the-art fitness center, firepits, grilling stations, a dog park, spacious clubhouse, Starbucks coffee bars in each building, a business center, and a social lounge with billiards table. The Property is ideally positioned west of Interstate 75 and north of Archer Road within Celebration Pointe, a 160-acre, 1.0 m.s.f.+ master planned development with over a dozen restaurants, abundant retail destinations, entertainment destinations, and a technology and office park.
This Investment Offering provides the Opportunity for an investor to acquire the CLIFFSIDE APARTMENTS, a 27-unit community located minutes north of Downtown Salt Lake City in the highly desirable Marmalade District. Defined as one of Salt Lake City’s most historic neighborhoods, the area is characterized by its mature landscaping and iconic architecture.
Complimented by the prestigious adjacent Capitol Hill and Avenues neighborhoods, Marmalade continues its transformation from a funky, dated district to a revitalized, active downtown community with a wide variety of development underway.