Cushman & Wakefield is pleased to present for sale, the Northeast Portfolio, a 35-unit, three-property multifamily portfolio located in the trendy Northeast Minneapolis Neighborhood.

The properties are located throughout Northeast Minneapolis offering direct access to an eclectic mix of hip bars and eateries, breweries, and coffee shops as well as recreational amenities at the Mississippi riverfront and Boom Island with close proximity to Target Field, Target Center, U.S. Bank Stadium, the Theater District, and the Central Business District.

Current ownership has completed extensive renovations of both exterior and interior elements of all three properties over the last several years. All units are “best-in-class” and feature new cabinets, granite countertops, subway tile backsplash, LVT flooring as well as full bathroom remodels that include new tubs, tile, vanity, toilets, and lighting.

The Northeast Portfolio opportunity offers attractive assumable debt at the following terms:

Fannie Mae
Balance: $4,125,000
Interest Rate: 3.17%
Origination Date: 5/1/20
Term: 15 Years
Interest only: 10 Years
Amortization: 30 Years

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Northeast Minneapolis Portfolio (3 properties, 35 units)
301 17th Ave NE
14 Units
301 17th Ave NE
Minneapolis, MN  55413
1. EXCELLENT BUILDING FUNDAMENTALS
The building features sleek and timeless glass lines bringing excellent natural light into the space with incredible 360 views of Downtown Cincinnati, including views of the Ohio River, Paycor Stadium, and The Banks. The open floor plans are ideal for a traditional office user or adaptive reuse, providing a multitude of options for configuration of the space.

2. UPSIDE PARKING POTENTIAL
The 266-space parking garage on the first four levels of the building providing users convenient, onsite parking and an opportunity to enhance cash-flow potential through public-facing parking options for transient visitors.

3. CREDITS, INCENTIVES, AND ABATEMENTS
The owner of 312 Plum Street can apply for a variety of incentive programs, including but not limited to state and federal tax incentives, sales tax exemptions for construction materials, and real estate tax abatements on the improved value.

4. SOUTHWEST CBD MOMENTUM
With multiple conversions and recently completed new construction, the southwest quadrant continues to evolve into a vibrant residential and hospitality corridor within Downtown Cincinnati. 312 Plum Street’s proximity to The Banks, a preeminent mixed-use development along the Ohio River, and Fountain Square, the social heart of Downtown, positions it well for either a residential or hospitality adaptive reuse.

5. WALKABLE AND TRANSIT-ORIENTED LOCATION Cincinnati is one of the most walkable downtown areas in the country with a walkability index of 18.6 out of 20 and a walk-score of 95%. Holding true to this high index, 312 Plum Street is within a 10-minute walk of numerous amenities and points of interest.

6. STRONG MARKET FUNDAMENTALS FOR NEW MULTI-FAMILY CONSTRUCTION New Class-A multi-family product in the downtown Cincinnati market has recently outperformed the rest of the Cincinnati MSA. Pairing an average of 97% occupancy with an impressive $2.26/sf, these fundamentals present an exciting opportunity to redevelop 312 Plum Street into market-rate apartments.
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312 Plum
   
312 Plum St.
Cincinnati, OH  45202
Posted: 3/8/2023
Cushman & Wakefield is pleased to present for sale, the Northeast Portfolio, a 35-unit, three-property multifamily portfolio located in the trendy Northeast Minneapolis Neighborhood.

The properties are located throughout Northeast Minneapolis offering direct access to an eclectic mix of hip bars and eateries, breweries, and coffee shops as well as recreational amenities at the Mississippi riverfront and Boom Island with close proximity to Target Field, Target Center, U.S. Bank Stadium, the Theater District, and the Central Business District.

Current ownership has completed extensive renovations of both exterior and interior elements of all three properties over the last several years. All units are “best-in-class” and feature new cabinets, granite countertops, subway tile backsplash, LVT flooring as well as full bathroom remodels that include new tubs, tile, vanity, toilets, and lighting.

The Northeast Portfolio opportunity offers attractive assumable debt at the following terms:

Fannie Mae
Balance: $4,125,000
Interest Rate: 3.17%
Origination Date: 5/1/20
Term: 15 Years
Interest only: 10 Years
Amortization: 30 Years

...
Northeast Minneapolis Portfolio (3 properties, 35 units)
315 Buchanan Street NE
9 Units
315 Buchanan Street NE
Minneapolis, MN  55413

Cushman & Wakefield’s Multifamily Advisory group is pleased to present for sale 3326 Washington, a fully approved 43-unit development opportunity located minutes from downtown Boston in the Jamaica Plain neighborhood. Situated on a 12,304 SF lot, 3326 Washington Street will include 5 stories and 43 units of residential housing.

Totaling 39,445 GSF, the development opportunity is ideally situated among Jamaica Plain’s neighborhood amenities, combining the best of Boston-based benefits and the suburban neighborhood appeal. 3326 Washington Street is only a block away from the MBTA Orange Line’s Green Street stop and less than a mile from the Commuter Rail’s Forest Hill Station providing access to Downtown Boston in under 20 minutes.

3326 Washington Street is offered for sale on an "as-is" basis and without a formal asking price. Once investors have had an opportunity to review the offering materials, Cushman & Wakefield will schedule a "Call for Offers" date with advanced notice.

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Under Contract
3326 Washington Street
43 Units
3326 Washington Street
Boston, MA  02130
Posted: 4/27/2022
Under Contract
361 Centre Street
36 Units
361 Centre Street
Jamaica Plain, MA  02130

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to offer for sale 40-46 Winter Street, a boutique apartment and retail value-add buidling located in the heart of downtown Boston. The building represents a rare opportunity to acquire a tremendously located asset comprised of 14 market rate residential units and approximately 5,581 square feet of prime retail space. The residential units range from studios to over-sized four-bedroom units and feature unique open plan layouts, tremendous ceiling heights, window lines, streetscape views and the sought-after exposed brick aesthetic. The location offers a world class retail opportunity for the incoming owner with significant upside through new leasing, remerchandising and increasing below market in-place rents.

The building is located on Winter Street in the core of Downtown Crossing, a dynamic mixed-use destination that has been the beneficiary of $4+ billion in capital investment in last 15 years. Boasting a central location with access to multiple subway stations, the neighborhood is home to an abundance of shopping, dining, entertainment, and cultural amenities complemented by luxury residential towers, boutique hotels and creative office space. The neighborhood is surrounded by the Financial District, the city’s largest and most dynamic office submarket, and is home to several higher ed institutions, including Suffolk University and Emerson College. Collectively, these foundational demand drivers underpin the success and long-term outlook for the location.

40-46 Winter Street was completely renovated and built new in 2008, including new base building systems, roof, windows, and residential units on the upper floors. Since the renovation, the building has maintained near-100% occupancy throughout market cycles. Given the strategic location and large units, the resident profile today is predominantly young professionals and some undergraduate students. The propertiy offers flexibility to the incoming owner to maintain the current operations and enjoy the stability of cash flow or upgrade/refresh the residential unit interiors and common areas to push rents to full market potential or condo conversion.

40-46 Winter Street 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 materials and access to additional due diligence information. 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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40-46 Winter Street
14 Units
40-46 Winter Street
Boston, MA  02108
Posted: 6/21/2022
Under Contract
4000 Mystic Valley Parkway
   
4000 Mystic Valley Parkway
Medford, MA  02155
Type:  Land

The Sacramento Multifamily Advisory Group is seeking a qualified developer to acquire this +/-9.85 acre development site.

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4290 Mack Rd
   
4290 Mack Rd
Sacramento, CA  95823
Posted: 12/11/2023
4525-4540 Wheeler Road
   
4525-4540 Wheeler Road
Oxon Hill, MD  20745
Type:  Land
Posted: 10/4/2023

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to redevelop 465 Congress Street, the Fidelity Trust Building, in downtown Portland, Maine. The property – fully approved for sixty-three (63) luxury apartment units - is offered for sale or joint venture development with the existing ownership. Dating back to 1910, the building is a registered Portland historic landmark and was the city’s first “skyscraper.” Overlooking Monument Square in the heart of the downtown, and across Preble Street from the Time and Temperature Building, this offering is a truly rare opportunity to reposition a landmark building and create a legacy asset.

465 Congress Street is a ten-story building comprised of ±84,180 square feet on ±0.447 acres. The ownership has received approvals for the redevelopment of the 2nd through 10th floors (former office space) into sixty-three (63) apartment units. Most of the floors are already in “white box” condition with upgraded building systems in-place. The property is poised for construction to start, and the incoming developer can leverage both the Opportunity Zone and Historic Tax Credit programs to enhance project returns.

Process & Pricing

465 Congress Street 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 and access to due diligence materials via the C&W website. Once investors have had an opportunity to review the offering materials and tour the property, C&W will schedule a “Call for Offers”.

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465 Congress Street
63 Units
465 Congress Street
Portland, ME  04101
Cushman & Wakefield is pleased to present 4725 W 7th Avenue, an exciting opportunity comprised of (5) units in Lakewood, CO. This opportunity is primed for an investor looking to benefit from predictable in-place returns as well as reap the reward of continuing to increase rents to market level. The property offers four spacious, 3-bedroom & 2-bathroom style apartment homes and one 2-bedroom, 2-bathroom unit, all offering a one car garage. The property benefits from its location in Lakewood, which is a highly sought-after submarket of Denver for owners and renters alike. The property’s location affords tenants quick access to major employers, roadways, and local transit with easy accessibility to Red Rocks Amphitheater, Bear Creek Open Space, and Apex Mountain Bike Trail. This property is perfectly positioned to capitalize on the limited supply and high rental demand in the Lakewood market. Investors will enjoy the advantage of minimal maintenance required for this meticulously cared for 2006-year build apartment. 4725 W 7th Ave offers investors the ability to own an asset in a predictable market with solid fundamentals and attractive financing options.
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4725 W 7th Avenue
5 Units
4725 W 7th Avenue
Denver, CO  80204
Cushman & Wakefield is pleased to present a unique opportunity to purchase a ±27,730 square foot, high-density high-rise multifamily development site in Phoenix’s dynamic Downtown core. Located in an Opportunity Zone, this rare site is adjacent to the Arizona Center.
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4th Street & Fillmore
   
401 E Fillmore
Pheonix, AZ  85004
Posted: 12/4/2023
The Cushman & Wakefield Student Housing Capital Markets Team is seeking an LP equity partner for an upcoming development in close proximity to the University of Illinois at Urbana-Champaign. Located at 505 S. 5th Street in Champaign, IL, the property is adjacent to campus and in the heart of Campustown, which features many restaurant options, shopping, bars, and coffee shops. The site is fully entitled and ready for construction and situated within an opportunity zone. The developer brings with them a well-established and successful track record in the market.
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505 S 5th Street
0.55 Acres
505 S 5th Street
Champaign, IL  61822
Posted: 12/18/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 600 Station Square, a 48-unit apartment community located in Greensboro, NC. This brand-new boutique asset is situated in an extremely desirable Greensboro submarket, which is characterized by impressive quarterly effective rent growth, high barriers to entry (0 units being proposed and 1 under construction in the immediate area), and attractive demographics (over 63% white-collar workers). Spring Garden Street and West Wendover Avenue are adjacent to the property, allowing residents immediate access to the plethora of retail, dining, and entertainment the nearby area offers. The industries of manufacturing, healthcare, and education anchor the Greensboro economy, with top employers within minutes of the property. Having realized the appeal of the Triad’s economy, six major corporations have made plans to expand in/move to the area. Toyota, Cone Health, Amazon, Publix, Guerrilla, and Boom Supersonic will all be fully operational in the Triad by 2025. Built in 2022, 600 Station Square represents an exceptional opportunity to acquire a beautifully built asset and gain almost $31K in additional revenue by implementing other streams of income.
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600 Station Square
48 Units
600 Coapman Street
Greensboro, NC  27407
Type:  Multifamily
Posted: 11/3/2023

Cushman & Wakefield’s Multifamily Advisory Group is pleased to present for sale 635 Old Post Road, a fully approved 33-unit age restricted (55+) condo development opportunity located in Sharon, Massachusetts. The project is the second phase of a condominium community approved through Chapter 40B.

The property is strategically located in close proximity to Route 1 and I-95 and is only a 10-minute drive to Sharon’s MBTA commuter rail station, placing riders in Boston’s South Station in less than 40 minutes. The site also provides unmatched access to nearby retail amenities in the surrounding communities of Walpole and Foxboro. 635 Old Post offers an ideal location for new for sale housing and the project will satisfy the area’s demand for quality senior housing. Based on the success of the first phase of the project and Sharon’s strong underlying demographics, featuring above average incomes and a large population over the age of 55, the project is well positioned for absorption and long-term appreciation as a senior oriented community.

Pricing & Process

635 Old Post Road 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 C&W 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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635 Old Post Road
33 Units
635 Old Post Road
Sharon, MA  02081
Posted: 4/26/2023

Cushman & Wakefield is pleased to present a unique opportunity to purchase a ±0.98 acre, high density multifamily development site in Phoenix’s rapidly transforming Downtown located in the Opportunity Zone.

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7th Street & Buchanan
   
NWC 7th Street & Buchanan Street
Phoenix, AZ  85004
Type:  Multifamily
Posted: 9/9/2022

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire 804 E 7th. The rarely available, fully approved, residential development opportunity is located in South Boston’s most desirable neighborhood, City Point. Directly across the street from M Street beach, the property offers sweeping views of Boston Harbor and Pleasure Bay.

The proposed project consists of the conversion of the 31,995 SF former nursing home into a residential building with twenty-one residential units and twenty-one garage parking spaces. The existing 3-story structure provides great in-place bones for redevelopment.

When complete, 804 E 7th will offer future residents unparalleled access to a dynamic mix of amenities and transit options, scattered throughout South Boston and the Seaport. Furthermore, the project is poised to benefit greatly from several upcoming large-scale developments in the immediate area. An influx of both life science and commercial development will bring thousands of new employees and millions of square feet of development to the already bustling submarket.

804 E 7th is being offered for sale without a formal asking price, free and clear of existing debt. Once qualified investors have had an opportunity to review the offering materials and tour the Property, Cushman and Wakefield will schedule a formal "Call for Offers".

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Under Contract
804 East 7th Street
21 Units
804 East 7th Street
Boston, MA  02127
Posted: 7/26/2022
Cushman & Wakefield is pleased to present for sale, the Northeast Portfolio, a 35-unit, three-property multifamily portfolio located in the trendy Northeast Minneapolis Neighborhood.

The properties are located throughout Northeast Minneapolis offering direct access to an eclectic mix of hip bars and eateries, breweries, and coffee shops as well as recreational amenities at the Mississippi riverfront and Boom Island with close proximity to Target Field, Target Center, U.S. Bank Stadium, the Theater District, and the Central Business District.

Current ownership has completed extensive renovations of both exterior and interior elements of all three properties over the last several years. All units are “best-in-class” and feature new cabinets, granite countertops, subway tile backsplash, LVT flooring as well as full bathroom remodels that include new tubs, tile, vanity, toilets, and lighting.

The Northeast Portfolio opportunity offers attractive assumable debt at the following terms:

Fannie Mae
Balance: $4,125,000
Interest Rate: 3.17%
Origination Date: 5/1/20
Term: 15 Years
Interest only: 10 Years
Amortization: 30 Years

...
Northeast Minneapolis Portfolio (3 properties, 35 units)
821 Marshall Street NE
12 Units
821 Marshall Street NE
Minneapolis, MN  55413

Cushman & Wakefield is pleased to present the opportunity to acquire 81-85A L Street, an existing urban infill retail property, offering tremendous value-add and long-term development potential, located in the heart of South Boston’s Eastside. The property is currently improved with a single-story building, totaling approximately 7,836 SF (including basement) and sits on a 4,592 square foot lot, bound by L, Emerson, and East 4th Street(s).

Situated in South Boston’s most dynamic and desirable neighborhood, the property is surrounded by a dynamic mix of retail, dining, entertainment, and fitness options, that line the East Broadway corridor. Additionally, 81-85A L Street is proximate to several transformative upcoming developments and offers investors an attractive “covered-land-play” with inplace cash flow. Investors are offered an immediate value add for users or the opportunity to re-lease approximately 60% of the building (currently Executive Cleaners), which will be delivered vacant, as well as tremendous potential for long-term development.

Pricing & Process

The property is offered on an “as-is” basis and without a formal asking price. Upon receipt of a signed Confidentiality Agreement, qualified investors will be provided with access to due diligence materials via the Cushman & Wakefield 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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85 L Street
   
85 L Street
Boston, MA  02127
Cushman & Wakefield is pleased to present for sale, Alden Apartments, a 68-unit multifamily property located in the heart of south Minneapolis.

Originally built in 1925, Alden Apartments offers studio and 1-bedroom units with classic brownstone charm paired with modern conveniences. Fully renovated in 2018, all units include updated plumbing, hand tiled bathrooms, and kitchens featuring new stainless steel appliances, hardwood floors, cabinetry, and quartz countertops. In addition, all common area spaces including the kitchen area, fitness center, lounge, and workspace have been fully modernized. The property also includes 3,200 SF of 1st floor commercial space available for lease which can provide the next investor additional revenue.

The property is located in south Minneapolis with North Loop, Loring Park, and downtown Minneapolis all within arm’s reach. It is in close proximity to Target Field, Target Center, U.S. Bank Stadium, the Theater District, the Central Business District, and all Minneapolis has to offer.

OFFERING DETAILS

Alden Apartments is being sold on an “as-is” basis.

The Property 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 properties, Cushman & Wakefield will schedule a “Call for Offers”.

Tours will begin the week of October 30th. Please contact Robert Dulin or Erin Salway directly to set up a tour, which will be scheduled by appointment only.

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Alden Apartments
68 Units
1205 Hawthorne Ave
Minneapolis, MN  55403
Type:  Multifamily
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present the Alister Columbia Portfolio – a two-property value-add opportunity located in the highly desirable submarket of Columbia, Maryland. Both Alister Columbia and Alister Town Center Columbia have significant operational and in-unit renovation upside within exceptionally well maintained and amenitized assets. Columbia’s demographics are some of the best in the nation with median household incomes exceeding $115K per annum and one of the most sought-after public school systems in the country in Howard County. The area’s high quality of life, major employers, strong economic engine, and geographic positioning between Baltimore and DC have translated into outstanding renter demand. The Alister Portfolio will provide investors ample economies of scale within one of the region’s most coveted locales.
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Under Contract
Alister Columbia Portfolio
344 Units
8909 Early April Way
Columbia, MD  21046
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Arrowood Farms, a 181-unit, 2023-built townhome community, recently stabilized, located in desirable Clarksville, TN. Thanks to affordable housing, high quality of life, and a thriving economy, Clarksville was recently named the hottest city for relocations. Supporting Clarksville are multiple expansion announcements, including LG Chem’s investment in a $3.2B manufacturing plant, creating 860 jobs with the 2nd largest business investment in state history. Home to the 2nd largest military base in the U.S, the booming Clarksville market also benefits from its one hour proximity to Nashville.
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Arrowood Farms
181 Units
200 Quin Lane
Clarksville, TN  37042
Posted: 2/21/2024
Cushman & Wakefield is pleased to offer Ascend on Glendale, a two story 216-unit garden style multifamily community. Completed in 2023 by DR Horton Multifamily, one of the nation’s leading multifamily developers, Ascend on Glendale offers residents a best-in-class experience in one of the country’s fastest growing submarkets.
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Ascend on Glendale
   
7601 W Glendale Ave
Glendale, AZ  8503
Type:  Multifamily
Posted: 1/24/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Ashbrook Village, a 423-unit apartment community located in the thriving Charlotte submarket of Gastonia. Nestled within the thriving I-85 industrial corridor, this property also sits in close proximity to downtown Gastonia, which has experienced a resurgence due to significant investments in the FUSE District. Constructed in 1985, Ashbrook Village presents a remarkable investment opportunity in the burgeoning Gastonia submarket, where combined rent growth has increased by 50% and occupancy rates have exceeded 95% since 2018. With most units awaiting renovation, Ashbrook Village offers substantial upside potential through the completion of a market driven interior upgrade program, offering new ownership the potential to capture $150+ rent premiums.
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Under Contract
Ashbrook Village
423 Units
2304 Pineview Lane
Gastonia, NC  28054
Type:  Multifamily
Posted: 9/27/2023