WALKABLE TO NOTABLE EMPLOYMENT & AMENITIES
The E'laan is walkable to numerous notable employers including Salesforce and Cummins. Endless amenities, entertainment, museums, parks, dining and shopping are all within walking distance.
PERFECT UNIT MIX FOR YOUNG PROFESSIONALS
The property has a unique unit mix perfect for young professionals who want to live, work and play in downtown Indianapolis. Studios and One-bed units are suitable for singles or couples while the two-bed units are great for roommates. Within a one-mile radius of The E'laan, the median age is 29 years and 73% are college-educated.
BOUTIQUE LUXURY COMMUNITY
This small, boutique community offers what young dwellers are looking for with modern upscale finishes like quartz counters, kitchen islands, stainless steel appliances including built-in microwaves, and full size, in unit washer and dryer. Gorgeous views of downtown Indy can be seen from the green rooftop which features a pool, grilling station, fire pit and dog park. Other amenities include a spacious state-of-the-art fitness center with protein bar, lounge with coffee bar, and reserved covered parking.
URBAN TWO-PROPERTY PORTFOLIO OPPORTUNITY
The E'laan can be purchased individually, or with 946 MLK. Both properties are located in walkable locations in downtown Indianapolis and share staffing. The two properties total 91 units and offer operational efficiencies when purchased together.
Cushman & Wakefield, as exclusive advisor, is pleased to present The Estates at Park Avenue, a 432-unit value-add garden apartment community located in Orlando, Florida (the "Property"). The Property sits on 25.2 acres with one, two, and three-bedroom floor plans that average 1,153 s.f. across townhome, loft, and flat-style apartments. The Estates at Park Avenue has an extensive amenity package including two resort-style swimming pools with sundecks and spas, a fitness center with cardio equipment and separate yoga/spin room, a racquetball court, BBQ & picnic areas, a movie theater, a business center with workstations, a community billiards and game room, a tennis court, on-site garages, a dog park, a playground, and a car care area among other offerings.
The Property has seen strong organic rent growth as new lease trade-outs over the last 90 days have averaged 13%, or $209. New ownership has the opportunity to capture significant rental upside by upgrading existing units to be inline with market comparables and executing targeted improvements to the common areas. The Property’s classic and partially upgraded units present a substantial value-add opportunity through full renovation programs while previously renovated units can be brought inline with new construction comparables with light upgrades.
The Property is settled in a unique location within Orlando’s MetroWest Submarket, less than 10 minutes to both Interstate-4 and Florida’s Turnpike, providing unparalleled access to all major employment hubs and attractions within the Orlando MSA. Additionally, there is more than 22.7 m.s.f. of retail within five miles and 10.4 m.s.f. of office space within seven miles.
The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 168-unit The Park at Messina multifamily community located in DeLand, Florida.
The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 312-unit student housing conversion opportunity located in Gainesville, Florida.