Cushman & Wakefield is pleased to present a unique opportunity to acquire an exceptional infill land parcel in the heart of the prestigious Tempe North submarket in Tempe, Arizona. Fronting University Drive on the North and Rural Road on the West, the property is comprised of 3.12 acres (135,831 square feet), made up of six (6) separate but contiguous parcels of land under single ownership, offering an opportunity to develop a high-profile mixed use project with tremendous visibility and access to the robust population in the area.
With a small strip center and two (2) stand-alone buildings currently on the site, all with finite lease expiration dates, an investor retains the imbedded benefit of obtaining net operating income while working through development planning. The property’s high-profile location, spacious setting, walkable amenities, and immediate access to Arizona State University and the Tempe North retail/hospitality/office setting, make this offering a one of a kind investment opportunity in the market.
Cushman & Wakefield as exclusive advisor, is pleased to present Serramar, a 302-unit value-add multifamily community in Fort Lauderdale, Florida. Completed in 1986 the property features a two-story design with direct-access units. The gated community is set on over 18 acres, providing a low density of 16 units per acre. The property features a mix of different finish levels from renovations that were done in the past – although most of the units would benefit from a comprehensive in-unit upgrade program. Current ownership has renovated 71 units and is achieving premiums of approximately $150.
Serramar is adjacent to the Inverrary Country Club and surrounded by lakes allowing for added view premiums. The property has excellent drive-by visibility along Oakland Park Boulevard (over 52,500 cars daily). Residents are centrally located to the major employment centers of Fort Lauderdale, Sunrise, Plantation, and Cypress Creek with a total of over 31.8 million square feet of office space.
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Silver Lake Multifamily Development Site located in Leesburg, Florida. The asset is situated in the desirable area of the Orlando-Kisimmee-Sanford MSA. Silver Lake Multifamily Development Site is an expansive 46.5 acres and is an approved PUD allowing for up to 256 buildable units. The site also has a rare and attractive 27-acre man made lake stocked with fish.
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the listing of the 56-unit Spanish Villas apartment community located in South Daytona, Florida. Spanish Villas offer a Value-Add opportunity to renovate 100% of the units, raise effective rents $173/unit, and earn a 17% return-on-investment after implementation of the proposed renovation plan.
Cushman & Wakefield is pleased to present the exclusive opportunity to acquire Spring Street Lofts located in St. Louis, MO. Consisting of 48 lofts and 7,500 square feet of ground-level retail, Spring Street Lofts is a luxury loft-style apartment building offering significant value-add and appreciation potential in the high-growth central corridor of the St. Louis Metro. The asset is offered free and clear of debt and is strategically positioned adjacent to St. Louis University, offering luxury, high-demand lofts for students and other residents searching for a live/work/play environment.
We are very excited to bring you this exceptional investment opportunity for private JV Investors seeking: Quality Mixed Use Development, Strong JV/Operating Partners in a high growth sector of S. Austin Texas.
Our client, a very credible regional developer/operator is raising equity for a premiere A+ Mixed Use Development opportunity in one of Austin’s most exciting sub markets: South Congress. For those of you who have been looking for a solid, high yielding investment opportunity in one of USA's top cities, this is one you don’t want to miss. We have known the sponsors for over 8 years in Texas and they have consistently displayed outstanding business acumen in the CRE industry. For this project, they have acquired the land, completed the entitlement process and started prepping the site for mixed use vertical development using their own capital.
Austin, Texas tops the list for most desirable real estate investments due to its consistent growth in education and technology. Austin is known as the “Silicon Valley of the South”. What makes this project extremely special besides the location is the St. Elmo destination point and new Public Market/Retail Food Hall that is being debuted in Phase 1 Development along with 385 units of class A luxury apartments, financed by a very low interest rate HUD loan.
Public Market/Food Halls are one of the hottest trends right now in the retail restaurant business worldwide. Cushman & Wakefield first reported on this trend in November 2016; since then, food halls’ popularity has only continued to rise. Food halls are popping up around the United States at a breakneck pace; at the current rate, by 2020 the marketplaces will have tripled in size in the span of just five years.
To learn more about food halls, copy and paste the following link to your web browser https://www.youtube.com/watch?v=Q0d_ns76wQY to see our short video. This combined bundle of amenities for Austin residents highly supports the cultural and unique community which Austin is well known for. We believe that the proposed mixed use development coupled with the exciting Food Hall concept, will create a much desired destination point for Austin residents and drive higher rental values for the apartments, creative office and boutique hotel planned in this development.
We are seeking to secure one to three investors to raise up to $25 million for Phase 1, providing investors with an impressive IRR of 19%.
Call for offers is Friday, October 19, 2018.