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