Cushman & Wakefield, as exclusive marketing advisor, is pleased to present 828 Pennsylvania Avenue, a 12-unit value add multifamily property located in the heart of South Beach. The property recently completed its 10-year recertification and totals 5,849 square feet on two stories. The property is 100% occupied. The property collects $177,000 per year with an additional $36,000 per year in income upside. Property consists of 4 studios and 8 one-bedroom units.
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828 Penn
12 Units
828 Pennsylvania
Miami Beach, FL  33139
Posted: 7/30/2019

11 Properties | 144 Units | In the Epicenter of East Broward County

The 11 properties are offered as a portfolio or individually

    Cushman & Wakefield, as exclusive marketing advisor, is pleased to present East Fort Lauderdale & Wilton Manors portfolio, a 144-unit in east Broward County of the neighborhood that include Coral Ridge, Fort Lauderdale, Wilton Manors and Victoria Park. The units average 648 square feet with almost 50% 2 or 3 bedrooms. The units are 96.5% occupied. The portfolio offers significant upside by first resetting rents to current market rent levels and second by implementing an in-unit renovation program. Such strategy can grow rents by almost $200 above current levels. The properties are being offered as a portfolio or individually.
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East Ft. Lauderdale & Wilton Manors Portfolio (11 properties, 144 units)
899 NE 15th Street
4 Units
899 NE 15th Street
Fort Lauderdale, FL
Posted: 10/3/2019

Cushman & Wakefield is pleased to offer for sale the 100% fee simple interest in the buildings at 906 and 910 Grand Boulevard and the parking lot at 710 Walnut Street in downtown Kansas City, Missouri. 906 Grand, formerly known as the Rialto Building and the Ozark Building, was built in 1912 and is one of the last historic redevelopment opportunities available in the Central Business District.

The façade of 906 Grand features some of the finest stonework of any building in Kansas City and was extensively restored by the current ownership within the last decade at a cost of over $3 million. Many other modernization improvements have been made in recent years, including a second interior stairwell, new windows and life safety systems.

Downtown Kansas City is in the midst of an incredible renaissance, with a surging residential population and revitalized commercial and entertainment districts. The nearby Power & Light District and the new downtown streetcar line have spurred strong demand for new residential and hotel development in the area.

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906 Grand
   
906-910 Grand Boulevard
Kansas City, MO  64106
Posted: 6/5/2019
Cushman & Wakefield is pleased to present a unique opportunity to purchase a ±4.66 net acre multifamily development site located in the highly desirable North Scottsdale area. The site is located on 90th Street, east of the Loop 101 Freeway between Raintree Drive and Frank Lloyd Wright Boulevard and consists of ±202,946 square feet of developable land.

Known as the "West’s Most Western Town", Scottsdale is a combination of cowboy culture and haute couture. Home to Arizona’s finest shopping and dining, Scottsdale offers hiking trails, award winning resorts and acclaimed art galleries for its residents that enjoy a quality of life like no other. Capturing the national spotlight, Scottsdale showcases an eclectic mix of sport and cultural events that draw thousands of spectators annually. Scottsdale boasts first-rate resorts, world-class events, sophisticated arts, lively nightlife, diverse shopping and epicurean feasts and is known for its refined spas, upscale wine bars and shopping plazas with luxury boutiques.

With its affluent population and large employment base, Scottsdale maintains a competitive edge in attracting new retailers, company headquarters, technology and biomedical industry leaders. The city enjoys the largest concentration of Class A Office space in the region. It has a highly developed workforce, enviable business infrastructure and transportation links, including a world-class executive airport. All of these factors combined create a thriving location for business that is attractive to employees and employers. The diverse economy is based on medical research, high-tech innovation, tourism and corporate headquarters. Scottsdale is home to nearly 18,000 businesses, over 150,000 jobs and more than 20% are Arizona corporate headquarters.

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90th St & Raintree Drive
4.66 Acres
N/NWC 90th Street & Raintree Drive
Scottsdale, AZ  85260
Type: Land
Posted: 1/15/2019
The Cushman & Wakefield Multifamily Advisory Group is pleased to present 925-965 Marseille Drive, a renovated apartment rental on Normandy Isle in Miami Beach. The property recently completed a renovation including exterior upgrades such as enhanced landscaping, hurricane-impact windows and new gate as well as interior upgrades including ceramic tiled floor, new kitchen cabinets and countertops, updated air conditioners and updated bathroom vanities and tile. The 27 units are all one bedroom units averaging 700 square feet. Although the property is offered on an individual basis, there is an opportunity to acquire a total of 76-units in the immediate area surrounding the property, a very rare critical mass opportunity for North Beach.
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925-965 Marseille Drive
27 Units
925-965 Marseille Drive
Miami Beach, FL  33141
Type: Conventional
Posted: 9/20/2017

11 Properties | 144 Units | In the Epicenter of East Broward County

The 11 properties are offered as a portfolio or individually

    Cushman & Wakefield, as exclusive marketing advisor, is pleased to present East Fort Lauderdale & Wilton Manors portfolio, a 144-unit in east Broward County of the neighborhood that include Coral Ridge, Fort Lauderdale, Wilton Manors and Victoria Park. The units average 648 square feet with almost 50% 2 or 3 bedrooms. The units are 96.5% occupied. The portfolio offers significant upside by first resetting rents to current market rent levels and second by implementing an in-unit renovation program. Such strategy can grow rents by almost $200 above current levels. The properties are being offered as a portfolio or individually.
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East Ft. Lauderdale & Wilton Manors Portfolio (11 properties, 144 units)
999 NE 23rd Avenue
12 Units
999 NE 23rd Avenue
Wilton Manors, FL
Posted: 10/3/2019

The Abbey Lane is comprised of 100 one and two bedroom apartment units ranging in size from 839 sf to 1,398 sf. The property offers residents a serene setting amongst a mature wooded area and naturally meandering Coffee Creek. With amenities like a dog park, fitness center, pool, tennis court and playground, Abbey Lane is an idea place for a wide variety of residents.

Over the past 12 months, the property has undergone significant capital projects ($850,000+) including cosmetic interior upgrades to a select number of units, replacement of windows in 33 units, refreshed interior hallways as well as a minor clubhouse renovation and other deferred maintenance items (rebuilding of balconies, bridge reinforcement, etc.). The property is positioned well for the new ownership to purchase a stable, partially renovated property in an attractive location with ample opportunity to create upside.

Minutes from I-94 (to the north) and I-80 (to the south), Abbey Lane is ideally located in the heart of Indiana’s Northwest most affluent county (Porter). Access to Chicago is less than an hour’s drive or a 50-minute commute via the South Shore Line (train).

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Under Contract
Abbey Lane
100 Units
120 Abbey Lane
Chesterton, IN  46304
Type: Conventional
Posted: 5/8/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 264-unit, Abbotts Run apartment community located in Wilmington, North Carolina. This asset is positioned in a highly-educated, affluent demographic region between UNCWilmington, The Port of Wilmington, and Wilmington International Airport with immediate access to the Coastal City’s major roadways. Delivered in 2002, Abbotts Run recently received a $3.5 million capital infusion which included common area renovations, a state-of-the-art clubhouse, and unit interior upgrades. Since completion in April 2016, this targeted initiative has proven to see a 38% increase in rental rates. Despite this impressive growth, the market indicates there is an opportunity for a value add 2.0 program as average rental rates trail comparable properties by $280, resulting in a potential to boost annual NOI by 14%.
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Abbotts Run
Offers Due:  Tuesday, November 12, 2019
264 Units
511 Cobblestone Drive
Wilmington, NC  28405
Type: Conventional
Posted: 10/7/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of the 282-unit Accent Cumberland development located in the MetroCenter submarket of Nashville, Tennessee. The site is situated minutes from Downtown and is ideally positioned between Nashville’s fastest growing neighborhoods. MetroCenter is one of Nashville’s strongest office submarkets, featuring over 3M SF of office space, and is recognized for its urban infill setting surrounded by high-growth areas, an expanding amenity base, and connectivity to all of the city’s major hubs. Accent Cumberland will benefit tremendously upon the submarket’s urbanizing trajectory and growth.
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Under Contract
Accent Cumberland (U/C)
282 Units
521 Great Circle Road
Nashville, TN  37228
Posted: 4/26/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 362-unit Cartersville Portfolio located in Cartersville and Adairsville, Bartow County, Georgia. These assets are situated in rapidly-expanding northwest suburban Atlanta with proximity to the prolific I-75 accelerated growth corridor. Built in the early to later 2000s, these nine sets of properties represent a rare opportunity to establish a substantial investment footprint in one of Atlanta’s northwest expansion areas where the population is projected to increase by 30% through 2050.
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Cartersville Portfolio (9 properties, 362 units)
Alexandria Landing
76 Units
370 Old Mill Road
Cartersville, GA  30120
Posted: 5/22/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 140-unit Alturas Embry Hills apartment community located in northeast metropolitan Atlanta, DeKalb County, Georgia. This asset is situated within 1 mile of I-85 and I-285, just 2.6 miles southeast of one of Atlanta’s transformational redevelopments, Assembly Yards, a transit-connected residential/business hub with a new film and television studio. Built in 1967, Alturas Embry Hills offers an outstanding opportunity to invest in a well-located and solid-performing asset with both property and market supported value-add potential.
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Alturas Embry Hills
140 Units
3544 Old Chamblee-Tucker Road
Doraville, GA  30340
Type: Conventional
Posted: 10/2/2019

The Cushman & Wakefield Midwest Multifamily Advisory Group is pleased to present AM 1980, a brand new, mixed-use development with 132 apartment homes and 6,245 sf of ground-floor retail. Completed in 2018, AM 1980 is the premier, boutique luxury building in the rapidly-growing West Bucktown neighborhood. Located at the nexus of Milwaukee and Armitage Avenues, where 20,000 and 12,000 vehicles pass each day, the development is in a prime retail corridor. Adjacent to the CTA blue line, AM 1980 gives tenants unparalleled access to both downtown and O’Hare. The sub-market has incredible demographic trends and significant barriers to entry for new construction. AM 1980 is an outstanding opportunity to acquire a core investment in one of the premier locations in Chicago.

  • Strong Resident Base
  • Transit-Oriented Development
  • Developed and Constructed by the Best
  • A Dynamic Neighborhood That Continues to Rise
  • High Barrier to Entry Location

For access to confidential documents, please register at: am1980cushwake.com
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AM 1980
132 Units
1980 North Milwaukee Avenue
Chicago, IL  60647
Type: Conventional
Posted: 8/30/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 424-unit South Carolina Value-Add 3 Portfolio. Embedded just outside of downtown Spartanburg and downtown Columbia, the properties are located in their respective cities’ most popular neighborhoods, near top employment centers in the areas where large investments have continually been made to expand and strengthen the Upstate and Columbia job markets. Surrounded by affluent demographics, this portfolio offers the chance to boost NOI tremendously by completing market driven value-add campaigns set to achieve average premiums of $125 - $150, while still maintaining an extensive rent runway to key comparables in both submarkets.
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South Carolina Value-Add 3 Portfolio (3 properties, 424 units)
Arbor Glen
Offers Due:  Thursday, November 7, 2019
156 Units
1514 Fernwood Glendale Road
Spartanburg, SC  29307
Type: Conventional
Posted: 10/8/2019

Arbors at Evansville North/South are adjacent multifamily properties situated on 22 acres. The two communities combined have 271 units of both garden and townhome style residences. To achieve economies of scale and other cost sharing benefits, the current owner, a California-based private equity group, began running the properties together in the summer of 2016.

Arbors North is offered at $31,000 per unit / $4,600,000

Built in 1972, the majority of the units at Arbors North have original interior finishes and offer the new owner the opportunity to complete updates and achieve higher occupancy inline with the submarket, at 93%. Currently, Arbors North receives a 75% Assessed Value deduction which lowers the property real estate tax bill. In exchange for this deduction, the owner agrees that 75% of the units are leased by residents earning 80% or less of the area median income and at least 25% of the units are leased by resident earning 50% or less of the area median income. Up to 25% of the units may be leased with no income restrictions. The new owner of Arbors at Evansville can maintain the assessed value deduction and income restrictions or may opt out of the program and have no income restrictions.

Arbors South is offered at $33,000 per unit / $4,000,000

While originally constructed in 1963, In 2012/2013 Arbors South was fully renovated with new roofs, new windows, complete unit upgrades (including new cabinets, flooring, appliances, light fixtures, etc.), and additional common area upgrades. The portfolio is being offered free and clear, however Arbors South does have attractive assumable debt (Freddie Mac Loan, $3M+/- Balance, 4.56% interest rate, due in June of 2026)

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Under Contract
Arbors at Evansville (2 properties, 271 units)
Arbors at Evansville North
150 Units
1320 Lee Court
Evansville, IN  47714
Posted: 6/25/2019

Arbors at Evansville North/South are adjacent multifamily properties situated on 22 acres. The two communities combined have 271 units of both garden and townhome style residences. To achieve economies of scale and other cost sharing benefits, the current owner, a California-based private equity group, began running the properties together in the summer of 2016.

Arbors North is offered at $31,000 per unit / $4,600,000

Built in 1972, the majority of the units at Arbors North have original interior finishes and offer the new owner the opportunity to complete updates and achieve higher occupancy inline with the submarket, at 93%. Currently, Arbors North receives a 75% Assessed Value deduction which lowers the property real estate tax bill. In exchange for this deduction, the owner agrees that 75% of the units are leased by residents earning 80% or less of the area median income and at least 25% of the units are leased by resident earning 50% or less of the area median income. Up to 25% of the units may be leased with no income restrictions. The new owner of Arbors at Evansville can maintain the assessed value deduction and income restrictions or may opt out of the program and have no income restrictions.

Arbors South is offered at $33,000 per unit / $4,000,000

While originally constructed in 1963, In 2012/2013 Arbors South was fully renovated with new roofs, new windows, complete unit upgrades (including new cabinets, flooring, appliances, light fixtures, etc.), and additional common area upgrades. The portfolio is being offered free and clear, however Arbors South does have attractive assumable debt (Freddie Mac Loan, $3M+/- Balance, 4.56% interest rate, due in June of 2026)

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Under Contract
Arbors at Evansville (2 properties, 271 units)
Arbors at Evansville South (Stonebrook)
121 Units
3600 Covert
Evansville, IN  47714
Posted: 6/25/2019
Coming Soon
Armstrong Lofts
30 Units | 66 Beds
525 Armstrong Street
Philadelphia, PA  19144
Type: Student
Posted: 10/4/2019
Institutional Quality Asset within the Innovative Space Coast

Cushman & Wakefield, as exclusive advisor, is pleased to present Ascend at 95 - a 300-unit, Class A garden residential asset. The property is comprised of 12, 3-story garden buildings with a combined average unit size of 977 square feet. Appropriately named, Ascend at 95 is less than ½ mile from I-95 and directly visible to over 160,000 cars daily. Located on Florida’s Space Coast, the area is known for its dynamic job growth and access to some of the top tech and space innovators such as Lockheed Martin, Northrop Grumman, Blue Origin and L3 Harris. Completed in September 2019, the property sets the standard for luxury apartment living with market leading finishes and amenities.

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Ascend at 95
300 Units
110 Sagecrest Circle
West Melbourne, FL  32904
Type: Conventional
Posted: 9/9/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Ashley Woods and Whispering Woods apartment communities totaling 204 units located in Macon, Georgia. These assets, located less than a half mile apart, are situated in the desirable, retail-oriented North Macon area of Macon-Warner Robins, Middle Georgia’s thriving economic focal point. Middle Georgia is seeing an influx of new jobs, including Amazon’s new facility bringing 500 jobs in 2019, and Macon is experiencing consequential rent growth. Built in 1984, the portfolio represents an outstanding opportunity to invest in two complementary value-add-ready assets with portfolio efficiencies and uncaptured operational upside.
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Under LOI
Ashley Woods & Whispering Woods (2 properties, 204 units)
Ashley Woods
96 Units
3900 Northside Drive
Macon, GA  31210
Type: Conventional
Posted: 5/8/2019

The Cushman & Wakefield Midwest Multifamily Advisory Group is pleased to present the exclusive listing of the 130-unit Aspen Chase apartment community located in Indianapolis, IN. This asset is strategically-located on the northwest side of Indianapolis giving residents convenient access to employers, the Indianapolis International Airport and booming downtown Indianapolis. Built in 1981, Aspen Chase offers an outstanding opportunity to invest in value add potential close to amenities and employers.

Aspen Chase is a 1980’s built, 130-unit, well-located apartment community on the northwest side of Indianapolis. The northwest rental submarket has been strong, with an average submarket occupancy rate of 93% and rent growth of 3.6% in 2018. The property’s occupancy is also strong, with current occupancy at 93.1%.

The community offers an attractive mix of one and two-bedroom flats and two and 3 bedroom townhomes. Constructed in 1981 by the respected developer the Gene B. Glick, the community consists of fourteen two-story apartment buildings situated on 10.05 wooded acres. In addition to its quiet, wooded setting, community amenities include a swimming pool with sun deck, two on-site laundry centers and available covered parking. Units feature attractive floor plans ranging in size from 700 to 1,200 square feet. Unit features vary by floor plan but include patios or balconies, walk-in closets, wood-burning fireplaces and outside storage closets. All townhome units include washer/dryer hookups.

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Aspen Chase at Eagle Creek
Offers Due:  Friday, October 25, 2019
130 Units
5340 Acorn Lane
Indianapolis, IN  46254
Posted: 9/5/2019

Cushman & Wakefield’s Senior Housing Capital Markets Group, has been exclusively retained to sell The Las Vegas Active Adult Portfolio, a three-community portfolio containing 620 newly renovated units designed to appeal to seniors seeking an active lifestyle. The Portfolio is a concentrated critical mass - at a discount to replacement cost - poised to capitalize on the tremendous demographic and macro trends including a rapidly aging population broadly and a booming increase in older renters.

We are offering this portfolio for sale without an asking price, and will be conducting tours over the coming weeks with a call-for-offers to follow shortly thereafter. C&W respectfully requests that interested parties refrain from contacting any on site personnel or residents.

Click here to access the details of the Las Vegas Active Adult Portfolio.

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Las Vegas Active Adult Portfolio (3 properties, 0 acres)
Attiva Court
   
3210 S. Sandhill Rd.
Las Vegas, NV  89121
Type: Senior
Posted: 9/9/2019

Cushman & Wakefield’s Senior Housing Capital Markets Group, has been exclusively retained to sell The Las Vegas Active Adult Portfolio, a three-community portfolio containing 620 newly renovated units designed to appeal to seniors seeking an active lifestyle. The Portfolio is a concentrated critical mass - at a discount to replacement cost - poised to capitalize on the tremendous demographic and macro trends including a rapidly aging population broadly and a booming increase in older renters.

We are offering this portfolio for sale without an asking price, and will be conducting tours over the coming weeks with a call-for-offers to follow shortly thereafter. C&W respectfully requests that interested parties refrain from contacting any on site personnel or residents.

Click here to access the details of the Las Vegas Active Adult Portfolio.

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Las Vegas Active Adult Portfolio (3 properties, 0 acres)
Attiva Valley View
   
1600 S. Valley View Blvd.
Las Vegas, NV  89102
Type: Senior
Posted: 9/9/2019

Cushman & Wakefield’s Senior Housing Capital Markets Group, has been exclusively retained to sell The Las Vegas Active Adult Portfolio, a three-community portfolio containing 620 newly renovated units designed to appeal to seniors seeking an active lifestyle. The Portfolio is a concentrated critical mass - at a discount to replacement cost - poised to capitalize on the tremendous demographic and macro trends including a rapidly aging population broadly and a booming increase in older renters.

We are offering this portfolio for sale without an asking price, and will be conducting tours over the coming weeks with a call-for-offers to follow shortly thereafter. C&W respectfully requests that interested parties refrain from contacting any on site personnel or residents.

Click here to access the details of the Las Vegas Active Adult Portfolio.

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Las Vegas Active Adult Portfolio (3 properties, 0 acres)
Attiva Winterhaven
   
3300 Winterhaven St.
Las Vegas, NV  89108
Type: Senior
Posted: 9/9/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Pascagoula 3 Portfolio, which is comprised of 304 total units located in Pascagoula, Jackson County, Mississippi. The 3 assets are situated within 1.5 miles from one another in a central location of Pascagoula near schools, beaches, and employment opportunities. Built between 1969-1971, the portfolio offers an outstanding opportunity to invest in value add assets that are poised to take advantage of tighter expense controls, economies of scale, and economic activity in the area.
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Pascagoula 3 (3 properties, 304 units)
Autumn Trace
72 Units
3000 Brazil Street
Pascagoula, MS  39581
Posted: 10/16/2018
Coming Soon
Autumn Trails
164 Units
7981 Red Mill Drive
Indianapolis, IN  46226
Posted: 10/8/2019