This 3.87-acre parcel was site plan approved for multifamily development consisting of 58 garden apartments situated within five, two- and three-story buildings. The expired site plan is scheduled to be reinstated by November/December 2022. The project has complete construction drawings, is ready for permits making it a true, turnkey opportunity.
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Miraflor Boynton Beach
3.87 Acres
111 Miraflor Boulevard
Boynton Beach, FL
Type: Land
Posted: 9/27/2022
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.
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Under Contract
Montgomery 7
0.43 Acres
543-565 Lorraine Avenue
San Jose, CA  95110
Type: Land
Posted: 10/7/2019

INVESTMENT HIGHLIGHTS

Partially Renovated with Remaining Upside

Close to Amenities & Lake Springfield

Newbrook (24 units) & Lakeside (36 units) offers residents quick access to shopping & restaurants less than 1 mile away. Additionally, Lake Springfield, with 57 miles of shoreline, is less than 2 miles to the east.

Strong Springfield Employment Centers

Springfield is the state capital which guarantees thousands of jobs in and around the statehouse. The city is home to 3 universities and global leaders in enterprises that include healthcare, manufacturing, business services, tech and more.

Growing Market Fundamentals

Average rents in Springfield increased by 5.9% from 2021 to 2022 contributing to the steady upward trend of 20% rent growth since 2012. Average occupancy is now at 94% and trending up.

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Newbrook & Lakeside
60 Units
2062 Bradley Court
Springfield, IL  62703
Type: Conventional
Posted: 5/26/2022

The Cushman & Wakefield Multifamily Advisory Group is pleased to present the opportunity to acquire the 160-unit NOLA Sky town homes in Las Vegas, NV.

The property is centrally located, nearby the rapidly expanding North Las Vegas submarket. The asset is currently under construction and will feature 2 and 3 bedroom spacious town home units with garages and upscale interiors.

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Under Contract
NOLA Sky
160 Units
2705 North Rancho Drive
Las Vegas, NV  89108
Posted: 3/30/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 126-unit North Shore apartment community situated in the Oklahoma City MSA. This asset, located in the north Oklahoma City submarket is just a few minutes from Lake Hefner, INTEGRIS Medical Center (11,000+ jobs), and Mercy Hospital (5,540+ jobs). With the heavy lifting complete, a new investor can create additional upside by completing an interior value-add. Built in 1970, North Shore represents an outstanding opportunity to invest in a high performing asset with strong financial trends and assumable debt in-place.
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North Shore
126 Units
11141 Springhollow Rd
Oklahoma City, OK  73120
Type: Conventional
Posted: 1/31/2023
Cushman & Wakefield, as exclusive advisor, is pleased to present Ocean 18 Lofts – a fully renovated apartment opportunity in Miami Beach.
The property is situated in the North Beach are of Miami Beach on Normandy Isle, approximately 0.5 miles west of the beach. It is a 3-story building that contains 18 units of which, 11 are studios, five are one bedrooms and 2 are two bedrooms. Ocean 18 Lofts is available below the replacement cost to acquire and renovate comparable properties in the immediate area.
The property has below market rents. There is a loss-to-lease upside of $68,000 or over $300 per unit per month in rental upside by achieving current market rents at the property. Despite all units been fully renovated, there are only two units currently at market rents.
Ocean 18 Lofts is situated on Normandy Isle within Miami Beach. It is walking distance to the beaches, Collins Avenue, and area attractions. The immediate area surrounding the property is poised for significant investment and improvement. The Miami Beach Commission unanimously approved a master plan for the city’s North Beach neighborhood, which stretches from 63rd to 87th Street. The master plan will include a North Beach Town Center and is likely to revitalize the area with hundreds of millions of dollars of new developments and neighborhood improvements.
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Ocean 18 Lofts
18 Units
924 Marseille Drive
Miami Beach, FL  33141
Type: Conventional
Posted: 1/4/2023
CUSHMAN & WAKEFIELD as exclusive marketing advisor is pleased to present this premier development opportunity for sale. Known as Ocean Park Hotel & Residences, this site is ideally positioned just steps from the Atlantic Ocean in Fort Lauderdale, FL. The property is site plan approved for 54 residential condominium units and 100 hotel units in two, 12-story buildings.

Extensive frontage along the heavily traveled Sunrise Boulevard, and 360 degrees of extraordinary views make this parcel an exciting luxury condominium and hotel development opportunity.

In addition to its immediate access to world-renowned Fort Lauderdale Beach, the property is easily walkable to the Galleria Mall, Hugh Taylor Birch State Park and the Bonnet House museum. Downtown Fort Lauderdale is located just two miles away.

Ocean Park Hotel & Residences offers a developer the rare, infill opportunity to create a marquee project within the coastal community of Fort Lauderdale Beach.
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Ocean Park Hotel & Residences
1.26 Acres
2870 E Sunrise Blvd.
Fort Lauderdale, FL  33304
Type: Land
Posted: 1/12/2023

Cushman & Wakefield/The Lund Company (“C&W/Lund”) is pleased to present Old Mill Apartments, a 248-unit apartment community located in Omaha, Nebraska. Old Mill has maintained stable occupancy and strong cash flow. The immediate area includes many retailers within walking distance and is located within a few blocks from Interstate I-680 allowing for easy access to the rest of the Omaha Metro. With a strong, diverse economy, Omaha continues to have very low unemployment and steady population growth.

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Old Mill Apartments
248 Units
10905 N Mill Court
Omaha, NE  68154
Type: Conventional
Posted: 6/1/2020

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire the EB2 Portfolio, a collection of two newly constructed, luxury apartment buildings completed in Q1 2022, located in East Boston, Massachusetts. The two assets, 319 & Park (319-327 Chelsea Street) and ONE52 (152 Liverpool Street) consist of sixty-one (61) residential apartments, two (2) ground floor commercial suites, and 51 garage parking spaces. The assets offer unique one, two, and threebedroom apartment homes, featuring oversized open floor plans, in-unit laundry, 9’+ ceilings, condominium quality finishes, private garage parking and ample private outdoor space.

EB2 Portfolio is available on an "as-is" basis and is being offered without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with the offering memorandum (containing property data and financial information) and access to due diligence materials. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a "Call for Offers".

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EB2 (2 properties, 63 units)
ONE 52
24 Units
152 Liverpool Street
East Boston, MA  02128
Posted: 4/4/2022

Cushman & Wakefield's Mid-Atlantic Multifamily Advisory Group is pleased to present One Charles Center, a rare and generational opportunity to acquire a large residential conversion opportunity in Baltimore’s dynamic Central Business District. The Building is well-suited for acquisition by a developer seeking to deliver Class A Urban High-Rise Product with deep luxurious amenities.

Totaling 23 Floors, One Charles Center is well-appointed to attract urbane sophisticated renters seeking city living in proximity to major work and entertainment centers. The Property was originally designed by world-renowned architect, Ludwig Mies van der Rohe, and is recognized as the first building in Charles Center precipitating Baltimore’s urban renewal movement in the 1960’s. One Charles Center underwent major renovations in 1987 and 1993 with the latter renovation restoring the building to its original Mies van der Rohe design and condition. A full-service amenity floor was added to the building in 2021.

The Central Business District and Downtown Baltimore has seen a resurgence of late with $50M+ in Transaction Volume within 2 blocks of One Charles Center across nearly a dozen transactions since January 2020.

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One Charles Center
   
100 N. Charles Street
Baltimore, MD  21201
Posted: 9/6/2022
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire One Park Place (the “Property”) – a 20-unit condominium community with an additional 10,664 square feet of ground floor retail space located in Lake Park, Florida. The property was built in 2018 and features 20 condo-quality oversized units that feature high ceilings, hard flooring, modern kitchens, in-unit washer/dryer and large patios/balconies. The property was built with the intent to sell units as individual condos. No units were ever sold and ownership controls 100% interest in the property. The property also features 10,664 square feet of unfinished ground floor retail area that allows the new owner to generate more than $260,000 in additional rental revenue. The property is currently 100% occupied and has maintained a 95%+ occupancy over the past few years. With in-place rents averaging only $1,655 per unit or $1.51 per square foot, there is at least $480 per unit upside potential by simply eliminating the loss-to-lease, and moving rents to market. The property is located along Park Avenue in Downtown Lake Park.
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One Park Place
20 Units
801 Park Avenue
Lake Park, FL  33403
Posted: 8/29/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 236-unit Osprey Cove North apartment community located in Jacksonville, NC. This asset is strategically located in a unique market, anchored by Camp Lejeune Marine Base and just 2 miles from Marine Corps Air Station New River. Built in 1971, Osprey Cove North offers an outstanding opportunity to invest in a quality, low maintenance asset that has received close to $600K in capital improvements since March 2021. Continuing the proven value-add initiative at Osprey Cove North could potentially boost the trailing 12-month NOI by over 37%. With only 56 unit deliveries since 2015 and nearly zero deliveries projected through 2024, the lack of development pipeline will continue to drive rent increases in Jacksonville’s low-risk, stable economy.
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Osprey Cove North
236 Units
118 Broadhurst Road
Jacksonville, NC  28540
Type: Conventional
Posted: 8/15/2022
Cushman & Wakefield is pleased to present for sale, Overland Apartments, a 63-unit luxury multifamily development in the Standish neighborhood of Minneapolis.

Recently completed in 2020, the Overland Apartments offers residents access to a best-in-class amenity package including a 24/7 fitness center, rooftop community lounge and deck with panoramic views of the city, heated parking garage, and on-site co-working space. The property also includes 4,200 SF of 1st floor commercial space available for lease.

The property currently sits at 98% occupied and provides investors the opportunity to assume the current loan with attractive terms.

Located in one of Minneapolis’ most vibrant areas, Overland offers residents a high quality of life with many long-term residents, established bakeries, coffee shops and neighborhood restaurants with close proximity to Target Field, Target Center, U.S. Bank Stadium, the Theater District, and the Central Business District.

Overland Apartments are a rare opportunity to acquire a newly constructed, best-in-class multifamily asset in a desirable community with attractive assumable debt.

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Overland Apartments
63 Units
3806 24th Avenue S
Minneapolis, MN  55406
Type: Conventional
Cushman and Wakefield is pleased to present the opportunity to acquire a parcel of land in Oxford, Mississippi (the "property" or "site"), a 42.20 acre site ideally located under one mile to the University of Mississippi. The property is dually zoned for neighborhood residential and traditional neighborhood business, making it a great option for investors to build student housing apartments, multifamily build-to-rent, commercial shopping and retail.
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Oxford, MS Land Parcel
42.2 Acres
Anderson Road / Anchorage Road
Oxford, MS  38655
Type: Land
Posted: 11/21/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 119-unit Pace Village and 136-unit Pace View I & II apartment communities in the exploding Myrtle Beach, South Carolina. Former boutique hotels that have been converted into multi-family apartments, these assets are primed to flourish along with the submarket’s growth and strong demographics ($67K avg HHI and 55% white-collar population). Located in one of the nation’s fastest growing cities, 32% population growth since 2010, both assets are situated along the SC Highway 501 corridor connecting Pace Village’s top-tier retail (Tanger Outlets) and residential area with the highly regarded oceanfront area that is home to Pace View. Pace View is just a block from the Atlantic Ocean and a few minutes from a major area employer, the Myrtle Beach International Airport. Pace View and Pace Village’s pristine location provides incoming ownership with a unique opportunity to invest in assets that are proving to be sought after due to occupancy rising from 70% to 92% in the last two months.
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Pace Portfolio (2 properties, 255 units)
Pace View I & II
136 Units
2010 & 2200 South Ocean Boulevard
Myrtle Beach, SC  29577
Type: Conventional
Posted: 9/13/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 119-unit Pace Village and 136-unit Pace View I & II apartment communities in the exploding Myrtle Beach, South Carolina. Former boutique hotels that have been converted into multi-family apartments, these assets are primed to flourish along with the submarket’s growth and strong demographics ($67K avg HHI and 55% white-collar population). Located in one of the nation’s fastest growing cities, 32% population growth since 2010, both assets are situated along the SC Highway 501 corridor connecting Pace Village’s top-tier retail (Tanger Outlets) and residential area with the highly regarded oceanfront area that is home to Pace View. Pace View is just a block from the Atlantic Ocean and a few minutes from a major area employer, the Myrtle Beach International Airport. Pace View and Pace Village’s pristine location provides incoming ownership with a unique opportunity to invest in assets that are proving to be sought after due to occupancy rising from 70% to 92% in the last two months.
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Pace Portfolio (2 properties, 255 units)
Pace Village
119 Units
220 Whitty Drive
Myrtle Beach, SC  29579
Type: Conventional
Posted: 9/13/2022

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 140-unit Palm Grove Apartments community located in Orlando, Florida.

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Palm Grove
140 Units
1200 Holden Avenue
Orlando, FL  32839
Type: Conventional
Posted: 2/8/2022
Cushman & Wakefield is pleased to present a unique opportunity to obtain a 99-year, prepaid ground lease for a ±2.36 gross / ±1.90 net acre multifamily development site within the Novus Innovation Corridor at Arizona State University. This opportunity is for Parcel 3G, located on the southeast corner of 6th Street and Rural Road, north of the University Drive/Rural Road light rail station. Parcel 3G is located within an Opportunity Zone.
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Under Contract
Parcel 3G - Novus Innovation Corridor
   
SEC 6th Street & Rural Road
Tempe, AZ  85281
Posted: 3/17/2021
Cushman & Wakefield Inc., as exclusive advisor, is pleased to present the opportunity to acquire the Novus Lakefront Mixed-Use Development Site (the “Development Site”), presenting a rare opportunity to develop five lake front parcels. With significant frontage on Tempe Town Lake, the Development Site is comprised of approximately 14 acres in the Novus Innovation Corridor at Arizona State University, and represents the largest undeveloped contiguous lake front site on Tempe Town Lake.
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Parcel 5C-5D-5E-5FW-5FE-Novus Innovation Center
14.4 Acres
NWC & NEC Rio Salado Parkway & Rural Road
Tempe, AZ  85281
Type: Land
Posted: 10/5/2021
Cushman & Wakefield is pleased to present for sale, Park 708 Apartments, a 12-unit Multifamily asset in the eclectic and diverse neighborhood of Cedar-Riverside in Minneapolis.

Tucked between downtown and the Mississippi River, the Cedar-Riverside neighborhood is a highly walkable area that boasts a vibrant artist community, dozens of live performances and musical venues, as well as many restaurants, cafés, and bars. The neighborhood is part of the University community and is dominated by the West Bank campus of the University of Minnesota's Minneapolis campus in addition to the M Health Masonic Children's Hospital and the entire M Health Fairview University of Minnesota Medical Center - West Bank system. The property is also near Augsburg College with easy access to I-94 and I-35W.

The property currently boasts 100% occupancy and provides a lucrative value-add opportunity for the next investor by completing in-unit renovations and raising rents 15-20% to be more in line with comparable properties in the desirable South Minneapolis area for well below replacement costs.

Park 708 is available on an “as-is” basis and is being offered without a formal asking price. Upon receipt of a signed Confidentiality Agreement, investors will be provided with access to due diligence materials via The Multifamily System website. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a “Call for Offers”.

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Under Contract
Park 708
12 Units
708 27th Avenue S
Minneapolis, MN  55454
Type: Conventional
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Park Ridge, a 122-unit Build-to-Rent townhome community in Myrtle Beach, SC on a forward sale transaction. The property is strategically located in the nation’s fastest growing city, boasting 32% population growth since 2011. Situated in the market’s primary recreation node, Park Ridge offers unbeatable access to the area’s top retail and entertainment, including the 162-acre North Myrtle Beach Sports Complex and the east coast’s largest wake park next-door. Myrtle Beach’s rapidly expanding millennial and boomer demographic bases highlight the submarket’s unique ability to support unprecedented growth within the Build-to-Rent space, as skyrocketing home-ownership costs and limited supply continue to price prospective home-buyers out of the market. Delivering in 2023, the Class-A community will feature best-in-class finishes and amenities, appealing to the area’s established tenant base who desire the conveniences of single-family living without the burdens and increasing financing costs of ownership. Market comparables and submarket projections outline the property’s vast rent potential (almost $2,400 at first CO), and highlight incoming ownership’s opportunity to acquire a differentiated, high-quality asset at an extremely attractive basis.
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Under LOI
Park Ridge
122 Units
Champions Blvd
Myrtle Beach, SC  29577
Type: Build for Rent
Posted: 7/12/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 250-unit Hidden Valley and 236-unit Park Valley apartment communities located in Decatur, DeKalb County, Georgia. Situated in the rapidly-expanding Decatur area of east Atlanta, these assets enjoy close-in access to all of Atlanta's major employment hubs via I-285 and I-20. Both early 1970s vintage, Hidden Valley and Park Valley are located in one of the most popular multifamily submarkets in the Metro with organically rising rents for the past seven years.
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Hidden Valley & Park Valley (2 properties, 487 units)
Park Valley
236 Units
2571 Candler Road
Decatur, GA  30032
Type: Conventional
Posted: 5/18/2022

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present Parkway Square & Tally Square, a 505-unit, two-property value-add opportunity, located in Tallahassee, Florida.

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Under Contract
Parkway Square & Tally Square (2 properties, 505 units)
Parkway Square
277 Units
2855 Apalachee Pkwy
Tallahassee, FL  32301
Type: Conventional
Posted: 9/2/2022

1. This +/- 5.5 acre site is arguably the top riverfront, mixed-use development site in the Midwest, with its premier location adjacent and east of The Newport on the Levee development.

2. The site is designed for a combination of multifamily, hotel, office, retail, condo and parking uses.

3. The visibility, views, access and prominence of this site allow for an unmatched branding opportunity.

4. A convenient location directly off the Newport exit on I-471 with access to the major interstates (I-71, I-75, I-275) is less than 1/4 mile in either direction.

5. The site is immediately adjacent to the Daniel Beard Bridge (I-471) which has nearly 100,000 cars per day of traffic use.

6. Immediately adjacent to Newport on the Levee and direct access to Downtown Cincinnati from the Purple People pedestrian bridge at the west end of the Pegasus site.
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Pegasus Riverfront Site
5.5 Acres
Riverboat Row
Newport, KY  41071
Type: Land
Posted: 10/21/2022