Cushman & Wakefield, Inc. is pleased to present the exclusive opportunity to acquire the 236-unit Millennium East Apartments, the 100-unit Parc 17 Apartments, and the 140-unit V Lane Apartments.
Sellers are welcoming offers on individual assets as well as portfolio offers.
Las Vegas is one of the fastest growing and best performing multifamily markets in the nation (over 20% year over year rent growth), positioning Millennium East, Parc 17 Apartments , and V Lane Apartments as limited-risk investments with superior rent growth prospects and long-term value appreciation potential.
The Cushman & Wakefield St. Louis Capital Market's Team is pleased to offer for sale the 100% fee simple interest in the Pennant Building located at 1701 Locust Street in St. Louis, MO. The building is a premier multifamily/loft redevelopment opportunity positioned in the heart of Downtown St. Louis' "Loft District". As-is, the building contains 76,120 square feet consisting of four stories and a basement level with an additional 8,883 SF penthouse approved. A preliminary redevelopment plan includes 53 multifamily units, four live/work studios, and 36 garage parking spaces. A full set of plans has been approved and will be provided to the buyer.
Fueled by public and private investments, St. Louis is in the midst of a renaissance that is reigniting the growth and vibrancy of the downtown core. Over $8 billion has been invested in downtown since 2000 with $3 billion in development underway or proposed. Among these developments is St. Louis' highly anticipated MLS expansion team's proposed stadium, which is expected to drive significant investments in infrastructure in the surrounding area. The Pennant Building is located just three blocks from the MLS site, offering an exceptionally rare opportunity to acquire an historic building in an area poised for significant growth and long-term appreciation.
The Property has seen surging organic rent growth as new lease trade outs over the last 90 days have averaged 21%. Additionally, there is significant value-add upside to be captured at the Property by upgrading existing units to be inline with market comparables and executing targeted improvements to the common areas. New ownership has the opportunity to renovate approximately 64% of the Property’s units (including standardizing/upgrading partially renovated units) and add additional enhancements to the previously renovated units.
The Property is settled in a unique location within the Lakeland submarket, adjacent to Interstate-4, providing 45-minute access to both the Orlando and Tampa MSAs while enjoying over 7.7 m.s.f. of retail within five miles and 5.2 m.s.f. of office space within seven miles.
Cushman & Wakefield Multi-Family Advisory Group is pleased to present the opportunity to acquire the PRINT LOFTS a recently constructed, transit-oriented 40 unit apartment community located in downtown Norwood, Massachusetts. The property is steps from the Norwood Central MBTA commuter rail station - offering residents an unmatched commuter location to Boston. The property is strategically located in Norwood’s bustling downtown area, offering residents a vibrant walkable environment replete with cafes, restaurants, shops and entertainment at its front door. Formerly an industrial warehouse building, the charming brick and timber building, originally constructed in 1911, recently underwent a transformative rehabilitation and conversion to multi-family. The boutique apartment community features forty (40) high-end rental units that offer a unique living experience in a true transit-oriented New England town center location.
Print Lofts 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".