The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 23-acre Navassa Road Site located in Leland, North Carolina. Situated within an opportunity zone inside of the 4th fastest growing county in the country, the site is in a prime location for new development. Located only 4 miles from a booming downtown Wilmington, the Navassa Road Land site is perfectly situated to experience all Wilmington has to offer. In addition to the locational benefits of the Wilmington MSA, the site is in the heart of Leland’s Gateway District - an area the town has prioritized for immediate infill redevelopment.
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Navassa Road Land
   
Forest Hills Dr & Navassa Rd
Leland, NC  28451
Posted: 5/31/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Nissen Building Apartments - a 145-unit, historic mixed-use, high-rise asset in the heart of flourishing downtown Winston-Salem. Attention to detail during the 2005 Nissen Building redevelopment, unique amenities, and existing quality of finishes provides the ideal canvas for a market-supported value-add platform to close a $200+ rent gap to competing downtown properties, while a perpetual 50% tax abatement drives cash flow. With frontage on 4th Street, Nissen Building residents enjoy supreme walkability to the Triad’s largest employers and eclectic entertainment venues in downtown Winston-Salem - a center city submarket that has witnessed nearly $2B of investment since 2000 as part of a continued renaissance. Drastically underserved by class A apartment units, downtown Winston-Salem boasts picture-perfect supply/demand fundamentals, offering investors of Nissen Building Apartments a chance to acquire a high-rise asset at an attractive basis with a protected rent growth runway.
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Nissen Building Apartments
145 Units
310 Fourth Street West
Winston-Salem, NC  27101
Type: Conventional
Posted: 10/8/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 279-unit Nottingham apartment community located in Monroe, NC. Built in 3 Phases (1985, 1995, 2001), this asset offers investors a true value add initiative with all-original units trailing the central submarket by over $300. The property recently renovated a trial unit with vinyl wood flooring and has signed a lease $360 above the effective rental average for this floorplan. With no units under construction and only 262 units proposed, the area offers an opportune time to make significant strides in submarket where population & employment growth continues to thrive. Investors have the opportunity to increase annual NOI by 58% through multiple revenue streams including a market-driven interior upgrade initiative, trash income, water/sewer submetering, and washer/dryer appliance rentals.
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Under Contract
Nottingham
279 Units
2613 Nottingham Lane
Monroe, NC  28110
Type: Conventional
Posted: 5/22/2019

Cushman & Wakefield is pleased to present a unique opportunity to obtain a ±3.73 net acre (±4.48 gross acre) multifamily development site located within the Desert Ridge Master Plan, adjacent to High Street and Desert Ridge Marketplace, at the northwest corner of 56th Street and the 101 Freeway, in Phoenix, Arizona, known as City North.

At completion, City North is planned to encompass 1.8 million square feet of corporate office, 2,885 residential units, 620 hotel rooms and up to 100,000 square feet of retail including new restaurant concepts.

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NWC 56th Street & 101 Freeway
3.73 Acres
NWC 56th Street & 101 Freeway
Phoenix, AZ  85054
Type: Land
Posted: 4/30/2019
Cushman & Wakelfield is pleased to present a unique opportunity to obtain a ±5.47 net acre senior/active adult multifamily development site located at City North, within the Desert Ridge Master Plan.  Located at the corner of 56th Street and the 101 Freeway in Phoenix, Arizona, the site is strategically sandwiched between High Street, with its upscale dining and boutiques, and Desert Ridge Marketplace, the center of shopping and entertainment activity in the area.  At completion, City North is planned to encompass 1.8 million square feet of corporate office, 2,885 residential units, 620 hotel rooms and up to 100,000 square feet of accent retail, including new restaurant concepts.
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NWC 56th Street & 101 Freeway Senior Living Site
5.47 Acres
MWC 56th Street & 101 Freeway
Phoenix, AZ  85054
Type: Land
Posted: 9/6/2019

Cushman & Wakefield is pleased to present a unique opportunity to purchase a ±8.2 net acre multifamily development site located on a major intersection in Phoenix’s rapidly transforming Central Corridor. This rare, hard-corner site is located along the Valley Metro Light Rail, with a station adjacent to the property at the corner of Central Avenue and Indian School Road. Phoenix’s urban revival has transformed the Central Corridor into a 24-hour live-work-play environment with new residential and trendy restaurants, coffee houses and bars. In addition to the Light Rail, the area has been influenced by anchor cultural, educational, research, sports and healthcare institutions, including Arizona State University’s 15,000-student downtown campus and the 1.5 billion dollar Phoenix Biomedical Campus. The result is an unprecedented demand for urban living solutions in the Central Corridor.

The opportunity consists of four (4) parcels with a combined total of ±356,905 square feet of developable land on the northwest corner of Central Avenue and Indian School Road. This transit oriented development site is bound by three streets.

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Under Contract
NWC Central & Indian School Development Site
8.2 Acres
Central Avenue & Indian School Road
Phoenix, AZ
Type: Land
Posted: 8/31/2018
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 166-unit apartment portfolio located in Clarksville, TN & Oak Grove, KY. The portfolio consists of five properties: Fort Campbell: [Campbell House (48 units), Hunter Hills (26 units), & Harrier Court (16 units)], Jack Miller (40 units), & Oak Grove (36 units). This asset is situated in the strategically-located submarket of northwest Nashville. Built between 1972 and 2005, these assets offer an outstanding opportunity to invest in stable, cash flowing assets primed for value-add campaigns to further boost returns.
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Clarksville Value-Add Portfolio (5 properties, 166 units)
Oak Grove
36 Units
1127 Pembroke Oak Grove Rd
Oak Grove, KY  37042
Posted: 10/2/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 60-unit Oakland Park townhome community located in close-in southwest metropolitan Atlanta , Fulton County, Georgia. This asset is situated a quarter mile from the Oakland City MARTA transit station in the heart of transformational developments coalescing around the west and south ends of the Atlanta BeltLine. Built in 1950, Oakland Park Townhomes offers a rare opportunity to invest in a primed value-add asset strategically situated to be a part of Atlanta's next stage of urban renewal.
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Oakland Park Townhomes
60 Units
1240 Oakland Drive
Atlanta, GA  30310
Posted: 8/5/2019
The Cushman & Wakefield Ohio Multifamily Advisory Group is pleased to present the exclusive listing of the 10-acre Oakley Yard Land Site located in Cincinnati, Hamilton County, OH. This asset is situated in the thriving Oakley neighborhood of east Cincinnati. Oakley Yard offers an outstanding opportunity to invest and develop a prime Senior Living Site.
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Oakley Yard
10 Acres
2950 Robertson Ave
Cincinnati, OH  45209
Type: Land
Posted: 6/27/2019
A Well-Maintained Asset with Value-Add Upside

Cushman & Wakefield, as exclusive advisor, is pleased to present Ocean Oaks, a 296-unit value-add garden community in Port Orange, Florida. Completed in 1988, the property features a two-story design with direct access units. The property sits on over 21 acres, providing a low density setting of only 14 units per acre. The property has undergone an extensive rehab program with over $2.5 million invested in capital improvements. Current ownership has also upgraded 68 units and is achieving rent premiums in excess of $150 per month. Ocean Oaks’ location within Port Orange is ideally located and central to some of the largest metros in Florida including Orlando, Jacksonville and Brevard County. The property is less than 1/2 mile from I-95 and provides a short commute to the areas largest employers including AdventHealth, Halifax Health, International Speedway, Boston Whaler, Frontier Communications and more. Ocean Oaks is located on the north side of Dunlawton Avenue which serves as a main thoroughfare in the area, with various retail and dining options within a short drive.

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Ocean Oaks
296 Units
1645 Dunlawton Avenue
Port Orange, FL  32127
Type: Conventional
Posted: 9/26/2019
The Cushman & Wakefield Student Housing Capital Markets Team, in conjunction with the Gulf States Multifamily Team, is pleased to present the exclusive listing of the 40-unit, 200-bed, Old Row at Cloverdale student housing community located in Tuscaloosa, Alabama. This boutique, 2013 purpose-built asset, is located adjacent to the University of Alabama offering direct access to campus within a three minute walk. This investment offers a buyer the opportunity to acquire a quality turn-key asset that is pedestrian-to-campus, at a strong SEC University.
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Old Row at Cloverdale
Offers Due:  Monday, October 21, 2019
40 Units | 200 Beds
1335 Cloverdale Road
Tuscaloosa, AL  35401
Type: Student
Posted: 7/22/2019

Cushman & Wakefield as exclusive marketing advisor, is pleased to present the opportunity to acquire Olive Glen 154 out of 276 units in Pompano Beach. Built in 1979, the property is situated on +/- 20 acres just west of I-95 and walking distance to the Pompano Beach Tri-Rail Station.

The 154-units include 5 studios; 90 one bedrooms and 59 two bedroom units. Of the 154 units 104 are located in two story garden units and 50 are located in one-story, villa fourplexes. The units are 100% occupied with almost $1.9 million in current effective income. The units offer significant upside potential. The average in place rent is $984 per unit. Improved surrounding communities such as Pompano Palms and Windsor Forest are achieving rents of $200-$300 higher per month. The Condo Association has over $450,000 in reserves. The owner of the 154-units has 2 out of the 3 Condo Association board seats that can be transferred to a new owner.

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Olive Glen
Offers Due:  Friday, October 11, 2019
154 Units
3102 NW 3rd Avenue
Pompano Beach, FL  33064
Posted: 8/2/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Sage Partners Real Estate Solutions are pleased to present the exclusive listing of Olympus Chenal Valley - 216 units located in Little Rock, AR. The subject is ideally positioned in the desirable Chenal Valley section of NW Little Rock, where HH incomes average $117K+ within a 1-mile radius. Current ownership has invested over $3.6M on interior, exterior, and amenity upgrades - creating in-place organic rent growth and upward income trajectory. The asset features 41 "Platinum" upgrades achieving up to $225 eff. rent premiums, leaving 80%+ of interiors for the next investor to fully round out the community. Originally constructed in 1998 and heavily rehabbed in 2017-2019, Olympus Chenal Valley presents the opportunity to acquire a quality physical plant with proven value add demand in a top-tier submarket.
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Under Contract
Olympus Chenal Valley
216 Units
16401 Chenal Valley Drive
Little Rock, AR  72223
Posted: 8/21/2019
The Cushman & Wakefield Midwest Multifamily Advisory Group is pleased to present OneNineteen on Main, a core, mixed-use development with 49 apartment homes and 8,378 sf of ground-floor retail. Renovated in 2018, OneNineteen on Main is one of the premier, boutique luxury buildings in the exclusive Downtown Naperville submarket. Located in the center of the downtown, OneNineteen on Main is surrounded by retail and dining options and represents the only existing apartment project in the downtown core. It also has convenient access to the Metra train line taking riders to both the employment hubs of downtown Chicago and the I-88 office corridor. The sub-market has incredible demographic trends and significant barriers to entry for new construction. OneNineteen on Main is an outstanding opportunity to acquire a core investment in one of the premier suburbs of Chicago.
  • Core, class A asset with fully leased retail
  • Only apartment building in Naperville’s core downtown
  • Irreplaceable location in the heart of downtown Naperville
  • Top-tier submarket in the Chicago Suburbs
  • Best-in-class finishes and well-equipped amenities


For access to confidential documents, please register at: onenineteen-cushwake.com
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One Nineteen On Main
49 Units
119 S Main St
Naperville, IL  60540
Type: Conventional
Posted: 9/13/2019
Property is Located in a Designated Opportunity Zone With Tax Benefits

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the exclusive listing of the 189-unit Orlando on the Lake apartment community located in Orlando, Florida. Built in 1974, Orlando on the Lake offers an outstanding value-add opportunity that would result in the ability to raise effective rents $213 and earn a 14% return on investment after implementation of the proposed value-add plan.

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Orlando on the Lake
189 Units
701 S Ivey Lane
Orlando, FL  32811
Posted: 5/1/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 120-unit Ormond Plantation apartment community located in Metro New Orleans in Destrehan, LA. This highly desirable submarket is a quaint New Orleans suburb located along the Mississippi River and has virtually no competing multifamily properties. With over $2.35M ($19K+ per unit) in strategic capital improvements and renovations spent in the last four years, prior ownership upgraded every aspect of the property, allowing new ownership the opportunity to focus on a minor value-add program. The property repositioning has bolstered its performance, highlighted by 8.9% year-over-year income growth since April 2017. Ormond Plantation presents the opportunity to acquire one of the nicest assets in the Destrehan market.
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Ormond Plantation
120 Units
1952 Ormond Boulevard
Destrehan, LA  70047
Posted: 7/24/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 228-unit Osprey Cove South apartment community located in acksonville, NC. The asset is strategically located beside Jacksonville’s 2nd largest employer, Air Station New River (18,100 jobs), as military personnel are forecasted to receive the highest pay raise in 10 years. The property recently received a capital infusion of ~$930,000, including multiple new roofs, prepping the community for a proven value-add initiative that could potentially boost NOI by 46%. With no units under construction since 2014 and only 89 new deliveries projected through 2023, the lack of a development will continue to drive rent increases as Jacksonville’s economy will expand in 2019 at its fastest rate in 6 years, powered by increased military spending and rebuilding that is underway due to Hurricane Florence.
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Under Contract
Osprey Cove South
228 Units
1832 Wilmington Hwy
Jacksonville, NC  28540
Posted: 7/10/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 200-unit Paddock Club apartment community located in Florence, KY (Cincinnati Metro). This asset is situated in the high-growth market of Florence, in the southern area of the Cincinnati MSA. The property is a quarter mile from the dominant retail center in Northern Kentucky, which includes the 941K SF Florence Mall along with an additional 5M SF of retail in the immediate submarket. New developments and job counts are expected to rapidly increase in the submarket, with Amazon Prime's new $1.5 billion cargo hub under construction at the nearby Cincinnati/Northern Kentucky International Airport (3 miles). Built in 1995, Paddock Club represents an outstanding opportunity to invest in an exciting value-add asset in a fast-growing market.
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Paddock Club
200 Units
8000 Preakness Drive
Florence, KY  41042
Type: Conventional
Posted: 10/2/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Palladian at Daphne - 120 units located within the affluent Daphne municipality of Mobile, Alabama. Baldwin County, the fastest growing county in the state, has garnered 53% population growth since 2000 and boasts a median HH income nearly 25% greater than the statewide statistic. Situated along the desirable Eastern Shore of Mobile, Palladian at Daphne enjoys an affluent resident profile and close proximity to quality retail and employment. The subject asset features massive, 1,800 SF average floor plans with 100% attached garages and ground floor entry, providing residents with "home style" living at a low cost per foot. Constructed in 2017, Palladian at Daphne offers the investor a newly delivered asset producing strong, stable cash flow in an A+ Daphne location.
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Under LOI
Palladian at Daphne
120 Units
27821 State Highway 181
Daphne, AL  36526
Posted: 6/20/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 257-unit Palm Isle apartment community located in Biloxi, Mississippi. This asset is located between Pass Rd and Beach Boulevard, offering access to two major buckets of employment in Gulfport and Biloxi. Within half a mile of Palm Isle lies over 1.3 million square feet of retail and Biloxi's beaches, making this micro location a highly amenitized area. Built in 1979 and renovated in 2007, Palm Isle features a proven value add initiative that the next investor can round out to further boost property performance.
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Under LOI
Palm Isle
257 Units
251 Eisenhower Drive
Biloxi, MS  39531
Type: Conventional
Posted: 3/15/2019
Properties May Be Purchased Together or Individuallly

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 136-unit South Tampa Value-Add Multifamily Portfolio located in Tampa, Florida. The portfolio is comprised of the 48-unit Palms at Ballast Point, and the 88-unit Sun Bay Apartments, located about 1/2 mile from each other. The properties have the benefit of being in one of the highest rent growth submarkets in Tampa Bay (6.6% YoY) and have an opportunity to increase effective rents by $239 through implementing our proposed renovation plan on 100% of the units.

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Under Contract
South Tampa Value-Add Portfolio (2 properties, 136 units)
Palms at Ballast Point
48 Units
3729 W. Tyson Avenue
Tampa, FL  33611
Type: Conventional
Posted: 4/1/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listings of Whispering Oaks (Jackson, TN, 50 units), The Hermitage (Jackson, TN, 228 units), Poplar Village (Nashville MSA, 101 units), Ridgeside (Chattanooga MSA, 148 units), and Papermill Square (Knoxville, TN, 140 units). This portfolio allows future investors to obtain an immediate foothold throughout the state of Tennessee, while capitalizing off of the value add opportunity. Current ownership has invested $3M in capital improvements since 2016, yielding high quality, low maintenance assets. Properties are offered as a portfolio or individually.
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Under Contract
TN Value-Add 5 Portfolio (5 properties, 667 units)
Papermill Square
140 Units
3820 Papermill Square Road
Knoxville, TN  37909
Type: Conventional
Posted: 6/27/2019

Cushman & Wakefield is pleased to present a unique opportunity to obtain a 99-year, prepaid ground lease for a ±1.9 net acre, mixed-use development block within the Novus Innovation Corridor at Arizona State University.  This rare opportunity is for Parcel 3A, located on the southwest corner of 6th Street and Rural Road, immediately north of the University Drive light rail station.

Novus Innovation Corridor is a 350-acre, mixed-use development planned for approximately 10 million square feet along Tempe Town Lake, including State Farm’s 2.1-million-square-foot Marina Heights regional office. Strategically integrated with Arizona State University (ASU), wholly on university-owned land, Novus is managed by master developer Catellus, a national leader in the development of urban mixed-use communities.

Parcel 3A is located within Phase III of the Novus Innovation Corridor.  Phase III features the initial portion of a multi-block, Main Street urban retail district called Novus Place.  Stretching from University Drive on the south to Rio Salado Parkway on the north, Novus Place will provide shopping, dining, entertainment and strolling opportunities in an environment that features enhanced paving, landscaping and other pedestrian amenities.  Phase III also includes one million square feet of mid-rise, Class A office space, urban residences, hotel rooms, and a diverse collection of retail shops and restaurants in a walkable, compact, urban setting just north of the University Drive Metro Light Rail station.

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Parcel 3A - Novus Innovation Corridor
1.9 Acres
SWC 6th Street & Rural Road
Tempe, AZ  85281
Type: Land
Posted: 9/3/2019

Cushman & Wakefield, as exclusive marketing advisor, is pleased to present the opportunity to acquire Parcel 3B at Las Olas Square, a 15,277-SF site at the epicenter of Downtown Fort Lauderdale. The property has 70 linear feet of frontage along Las Olas Boulevard – the main entertainment and business corridor of Downtown Fort Lauderdale – and is directly adjacent to two of the area’s most iconic developments, Las Olas Square and Icon Las Olas. The liberal RAC – CC zoning allows for a variety of uses including residential, hospitality, office and retail.

The site is one the last remaining undeveloped single parcels in Downtown Fort Lauderdale and offers incredible connectivity and walkability to all of the world-class amenities that the area has to offer. With multiple projects underway and planned for Fort Lauderdale, the city is in the midst of an urban revival as the CBD is poised to experience a significant increase in its residential population. Parcel 3B at Las Olas Square presents a compelling opportunity for developers to purchase a trophy development site in Fort Lauderdale’s urban core.
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Under Contract
Parcel 3B at Las Olas Square
   
Posted: 9/10/2018