The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Mobile 148 portfolio, 148 units across the Arbor Pointe, Bird’s Nest, and The Retreat at Pleasant Valley apartment communities located in Mobile, AL. These assets are located 12 minutes north (Arbor Pointe) and southwest (Bird’s Nest and The Retreat at Pleasant Valley) of Downtown Mobile. All three assets offer high visibility and convenient access to I-65 (81K+ VPD) and other significant thoroughfares, allowing for easy access to Downtown and the surrounding economic drivers. Built in 1971-1998, the Mobile 148 portfolio represents an outstanding opportunity to invest in well-capitalized assets ($7K+/unit on interior renovations on 99 units) with outstanding potential for operational efficiencies due to the properties’ close proximity to one another. In addition to this, there is additional runway for the next investor to round out the value-add campaign, adding $88,200+ to bottom-line NOI via mid-cost upgrades on the remaining 49 classic units – 17-18% ROI.
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Mobile 148 Portfolio (3 properties, 148 units)
Bird's Nest
32 Units
2901 Pleasant Valley Rd
Mobile, AL  36066
Posted: 7/24/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 236-unit Blankenbaker Crossings apartment community located in Louisville, KY. This asset is strategically located at the Blankenbaker interchange, just one mile from I-64 and less than three miles from the I-64 and I-265 interchange. The property joins two of Louisville’s largest employment facilities, Blankenbaker Station Business Park and Bluegrass Commerce Park, with have a combined size of over 2K acres. Additionally, this close proximity to major arteries provides easy access to Downtown Louisville and Louisville’s Health District. The surrounding area boasts an average HHI of over $124K with expected growth of more than 15% by 2027. An abundance of retail is readily available to residents with over 6.3M SF in a three-mile radius.
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Blankenbaker Crossings
236 Units
2515 Shining Water Drive
Louisville, KY  40299
Type:  Multifamily
Posted: 7/12/2024

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Louisville 5 Portfolio - a collection of 1,460 units spread across five apartment communities in the Louisville, KY MSA. Eagles Eyrie, the in-town community, lies just 2 miles east of the highly desirable NuLu district. Three of the properties, including Partridge Meadows, Lyndon Crossings and Devonshire, are grouped in a half mile radius in the St Matthews/Lyndon submarket, 5 miles east of the city center. Boulder Creek can be found on the perimeter of the Louisville MSA in the affluent Jeffersontown suburb. Since development, the Louisville 5 have been managed and maintained by the original developer. This is the first ever opportunity to acquire these assets on the market, which are available as a Portfolio or on an individual basis.

Please note, all properties can be purchased as a portfolio or on an individual basis.

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Louisville 5 Portfolio (5 properties, 1,460 units)
Boulder Creek
402 Units
10400 Pavilion Way
Jeffersontown, KY  40299
Type:  Multifamily
Posted: 5/22/2024
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Braddock Lee Apartments, a 258-unit asset in the prime Alexandria, Virginia submarket. Braddock Lee presents investors proven value-add upside with 27% of units fully renovated garnering rent increases of $100. The ability exists to continue or improve the existing renovation scope which would allow for additional premiums. The Property is located in Alexandria, Virginia, one of Northern Virginia’s most desirable locals, with significant retail and some of the Washington metro’s largest employers in close proximity. This creates consistent tenant demand with submarket fundamentals outperforming the broader market from both a rent growth and vacancy perspective. Braddock Lee is one of very few workforce housing assets in East Alexandria which adds to its investment appeal and allows for outsized performance. The Property has been well maintained with $3.27MM invested by current ownership, including the replacement of all roofs, limiting capital risk going forward. Braddock Lee presents investors an opportunity to acquire a well-located workforce housing asset, with proven rental upside in one of Northern Virginia’s most desirable areas.
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Braddock Lee Apartments
258 Units
2423 Menokin Dr
Alexandria, VA  22302

This 20+ acre shovel ready site is a well-located parcel in the Bradley Heights community of Southeast Colorado Springs, near the S Powers corridor and Bradley Road. The immediate submarket is anchored by S Powers Blvd and has become one of the most prominent and active growth corridors in the region, with a mix of commercial, retail, aviation, recreation, education, and residential uses. The area is dominated by several large master planned developments including the Peak Innovation Park, Amazon warehouse hub, Colorado Springs Airport and United States Space Force. The Bradley Heights site sits within a growing mixed-use development containing new single-family homes, multifamily, commercial, business center, church, parks, and an elementary and middle school. In addition, this site is 12 miles to Downtown Colorado Springs and only minutes from the 2,000+ acre master planned airport business park. Housing demand is very strong in this submarket. Given the growth and demand of this submarket, the allowable density up to 24.99 DU/Acre, and the unique product offering, this site presents an exciting opportunity for future development.

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Bradley Heights
20 Acres
5915 Big Johnson Drive
Colorado Springs, CO  80925
Type:  Land
Posted: 2/2/2024
The Sacramento Multifamily Advisory Team is seeking a qualified developer to acquire this lender owned +/-2.2 acre development site that has been pre-approved for a 59 unit multifamily community. Unique opportunity to develop a community in an infill location on the busy Folsom Blvd near the US-50 Bradshaw Road interchange. Walking distance to Sacramento Region's Butterfield Light Rail Station Park & Ride.
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Under Contract
Bradshaw at Folsom Apartments
2.2 Acres
Folsom Boulevard
Sacramento, CA  95827
Type:  Land
Posted: 4/7/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 232-unit Braxton at Woods Lake apartment community located in the emerging Southeast primary market of Greenville, SC. Built in 1997, the property is situated just 3 miles East of downtown Greenville providing residents access to a plethora of retail including Whole Foods, Haywood Mall: the largest indoor mall in South Carolina, high paying jobs (110k+ within 15 minutes), and top-notch education (A rating). The immediate area surrounding the property boasts exceptional demographics with an average household income of $85k and dominant white-collar workforce (63%) further supported by 24% projected rent growth through 2027. Arriving to market achieving premiums up to $250+, Braxton at Woods Lake’s proven value presents new investors an exceptional opportunity to acquire a well-capitalized asset ($2.9M+ in CapEx since 2015). Lagging behind all competitors on a PSF basis, implementing a value-add 2.0 initiative will command the property additional premiums of $215+ to set the property in line with top of market competitors.
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Under Contract
Braxton at Woods Lake
232 Units
412 Woods Lake Road
Greenville, SC  29607
Type:  Multifamily
Posted: 5/15/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 15.10-acre Brentwood Multifamily Development Site in Nashville, TN. The site is entitled by-right for multifamily and fully designed with permits in hand for 233 apartment units across six 4 and 4/5 split-story buildings. The majority of sitework has already been completed, giving the future developer a jump start on the project. Centrally located between highly desirable Nashville, Brentwood, Antioch, and Nolensville, future residents will enjoy easy commutes to these nearby employment and lifestyle centers. Within a 5-minute drive of the site are 2 Krogers, 2 Walmarts, 2 Walgreens, a Sprouts, a Publix, and more. The greater Nashville multifamily market is one of the hottest markets in the country, with average Class A rents expected to exceed $2K by the end of 2023. The Brentwood Multifamily Development Site presents a unique opportunity to promptly go vertical on a top-tier site in a premium suburban Nashville market.
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Under Contract
Brentwood Multifamily Development Site
15.1 Acres
101 Zermatt Avenue
Nashville, TN  37211
Type:  Land
Posted: 10/4/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 34-unit, Brixton Place apartment community located in a booming pocket of Mobile, AL, with $83K average household incomes within one mile of the property. This asset is strategically located with convenient access to Downtown Mobile and the surrounding economic drivers – 3 miles from I-65. Built in 1965, Brixton Place offers an outstanding opportunity to invest in an asset that is arriving to market 94% occupied with compelling performance trends and significant rental upside potential via targeted interior upgrades supporting $420+ premiums.
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Brixton Place
Offers Due:  Friday, August 2, 2024
34 Units
111 Catherine St
Mobile, AL  36604
Type:  Multifamily
Posted: 6/12/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 307-unit Broadway Townhomes & Park Place Townhomes multifamily communities located in Atlanta, Georgia. These assets are strategically-located in the thriving Atlanta aerotropolis with direct access to the metro’s largest employer, Hartsfield-Jackson International Airport. Built in 1970 & 1971 with Park Place being fully renovated in 2018, these two properties offer expansive, townhome floor plans in a surging south Atlanta multifamily submarket.
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Broadway & Park Place Townhomes (2 properties, 307 units)
Broadway Townhomes
183 Units
1951 Southampton Road
College Park, GA  30349
Type:  Multifamily
Posted: 1/16/2024

Cushman & Wakefield is pleased to present The Brookside (Ivywild) Apartments. This property stands as an established 17-unit apartment complex located in the heart of “Olympic City USA” Colorado Springs, Colorado. This well-maintained complex offers a favorable and desirable mix of upgraded 1-bedroom and 2-bedroom units, offering an attractive investment with predictable in-place returns. The property offers an Assumable Agency Loan fixed through 2031 with a 3.93% percent rate.

Recent renovations ensure lowered maintenance expenses and increased tenant satisfaction, adding to its long-term profitability & stability. Residents also enjoy the onsite laundry, ample off-street parking, and prime location in the Ivywild & North Nevada Redevelopment corridor. The property’s proximity near Hwy 25 & Downtown Colorado Springs provides easy access to major transportation and nearby amenities, including upscale dining such as Prime 25, retail shops like Lululemon, Verda Spa, and two major grocery stores including the newly constructed Sprouts Farmers Market.

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Brookside Apartments
17 Units
316 E Brookside St
Colorado Springs, CO
Posted: 5/6/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the ±14.98-acre Brunswick Villa & Townhome Site located in Brunswick, GA. The site is part of the large-scale Golden Isles Gateway Planned Development area intended to spur development and economic growth in the area. The shovel-ready site is zoned and provisionally approved for 128 townhome & villa units. The Brunswick Villa & Townhome Site was planned for build-to-rent development, although it could also be an ideal site for multifamily or for sale homes. Nearby major employers include the Federal Law Enforcement Training Center, the Port of Brunswick, and Sea Island. The port is projected to become the #1 automobile port in the U.S. by 2026. A great public school system, solid demographic base, and rising home values & rental rates are supportive of a Class A development in this market. Only a 25 min drive to the public beach on St. Simons, the Brunswick Villa & Townhome Site benefits from easy and convenient access to all the retail, employment, and recreational hubs the Golden Isles has to offer.
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Brunswick Villas & Townhomes
14.98 Acres
275 Harry Driggers Blvd
Brunswick, GA  31525
Type:  Land
Posted: 7/22/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 196-unit Brynn Marr Village apartment community located in Jacksonville, NC. This asset, situated in the high-demand Jacksonville market, benefits from its proximity to Camp Lejeune, the largest Marine base in the United States. Built in 1973, Brynn Marr Village offers an outstanding opportunity to invest in a prime location relative to the top Jacksonville retail, largest employers, and within just a short drive to the state’s most popular beaches. Investors can complete the proven value-add program at Brynn Marr Village and increase NOI by over 27%.
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Under LOI
Brynn Marr Village
196 Units
301 Village Drive
Jacksonville, NC  28546
Posted: 5/29/2024

Cushman & Wakefield is pleased to present Bunnell Apartments, a well maintained 16-unit apartment community located in the heart of Colorado Springs. The property is located blocks from North Academy Blvd and Powers Blvd, with quick access to Downtown Colorado Springs, West of Peterson Space Force Base, the Colorado Springs Airport and Palmer Park. The current ownership has self-managed the property with a long-term hold strategy while focusing on improving every aspect of the property. The Bunnell Apartments presents a unique prospect to acquire a renovated value-add asset with an opportunity to implement professional management and finish interior renovations to significantly boost annual NOI.

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Bunnell Apartments
16 Units
3933 E San Miguel Street
Colorado Springs, CO  80909
Posted: 4/11/2024
Caleres
   
8300 Maryland Avenue
St. Louis, MO  63105
Posted: 5/18/2021

The Cushman & Wakefield Idaho Multifamily Advisory Group is pleased to present a one-of-a-kind opportunity to own an exceptional mixed-use property in the heart of the up-and-coming rental market of Missoula, MT. Presenting Cambium Place, a captivating development boasting 69 luxurious apartments and 31,920 square feet of prime commercial space.

Located within the highly sought-after Old Sawmill District, this property is surrounded by a vibrant community that includes condos, a cutting-edge technology campus, student living options, townhomes, single-family homes, Class A offices, charming retail establishments, and top-notch brew-pubs, coffee shops and restaurants.

Boasting a fully occupied status and an overwhelming demand, Cambium Place even has a wait-list in place. Showcasing exceptional potential, this property offers the option to further increase its value through paid underground parking and implementing a resident utility bill-back system.

Offering a unique blend of modern living and a thriving commercial environment, Cambium Place is an unparalleled investment opportunity. Don’t miss your chance to own this remarkable property in a rapidly growing market.

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Cambium Place
69 Units
945 Wyoming Street
Missoula, MT  59801
Type:  Multifamily
Posted: 8/16/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Cambridge Park, 200 units located in Pascagoula, MS. Pascagoula is part of the Biloxi-Gulfport-Pascagoula MSA, the second largest metro area in the state. The city experienced 9.6% rental growth over the past 12 months and is home to numerous major employers including Ingalls (11,500 jobs) and a Chevron Refinery (1,500 jobs). Built in 2002, Cambridge Park represents an outstanding opportunity to invest in a high performing LIHTC asset at an attractive basis well below replacement cost.
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Cambridge Park
200 Units
3414 Shortcut Road
Pascagoula, MS  39581
Type:  Multifamily
Posted: 9/8/2022
The Cushman & Wakefield Student Housing Capital Markets Team, in conjunction with the St. Louis Multifamily Group, is pleased to present the exclusive listing of the Mizzou 3-Pack Portfolio, a three-property student housing community portfolio located near the University of Missouri. The Portfolio totals 593 units and 1,836 beds with build years of 2011, 2010 and 2005. This offering provides investors the opportunity to purchase a portfolio of three assets, or individually, with proven track records that are perfectly positioned for a value-add program that would generate immediate revenue streams and yield increased returns.
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Mizzou 3-Pack Portfolio (3 properties, 593 units)
Canvas Townhomes Columbia
214 Units | 654 Beds
3217 Old 63 S
Columbia, MO  65201
Posted: 10/18/2023

Cushman & Wakefield's Manufactured Housing Group is pleased to present the exclusive listing of Carlton Heights a manufactured housing community in Sturgeon Bay, WI. The Park consists of 43 Tenant-Owned homes, and 1 Single- Family Home. The Park offers investors the compelling opportunity to acquire a value-add community with demonstrated rent increases and the ability to immediately raise revenue.

Carlton Heights is located in beautiful Sturgeon Bay, named one of the top 10 happiest Seaside Towns in the U.S. by Coastal Living Magazine. The community is situated between vineyards, is less than 2 miles from the shore of Lake Michigan. Door County offers more miles of shoreline, one of the highest concentrations of lighthouses and 5 state parks, more than any other county in Wisconsin. The area offers a wide variety of outdoor recreation and is also known for its art galleries and performing arts

A significant portion of the housing supply in Door County, is occupied on a seasonal basis, leading to a greater need for workforce and seasonal housing for workers in the area's booming tourism industry. Housing prices in Door County have increased 23% in the past 24 months.

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Under Contract
Carlton Heights
44 Units
5707 W. Carlsville Road
Sturgeon Bay, WI  54235
Type:  Single-family
Posted: 8/29/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Cedar Ridge (104 Units, 1973 Build) & Greenview Meadows (109 Units, 1972 Build) located in the thriving Charlotte submarket of Gastonia. The assets are in close proximity to Gastonia’s revitalized downtown, which has experienced a resurgence due to significant investments in the FUSE District and overall corporate investment in the area. Cedar Ridge & Greenview Meadows presents a remarkable investment opportunity in the expanding Gastonia submarket, where yearly rent growth is expected to exceed 4% and average occupancy rates to remain above 95% through 2029. Offered together or separately, Cedar Ridge & Greenview Meadows provides substantial upside potential through assumable debt and continuation of the proven value add programs where renovated units are achieving $100-$236 over classic units. This offering provides investors the blueprint to continue to close the rental gap to the top of the market.
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Under Contract
Cedar Ridge & Greenview Meadows (2 properties, 213 units)
Cedar Ridge
104 Units
1680 Lynhaven Drive
Gastonia, NC  28052
Posted: 2/14/2024
Cushman & Wakefield is pleased to present a unique opportunity to purchase a ±43,158 square foot, high density high-rise multifamily development site in Phoenix’s rapidly transforming Central Corridor.
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Central & Mckinley
   
815-821 North Central Avenue
Phoenix, AZ  85004
Posted: 1/29/2024
The Cushman & Wakefield Student Housing Capital Markets Team, in conjunction with the St. Louis Multifamily Group, is pleased to present the exclusive listing of the Mizzou 3-Pack Portfolio, a three-property student housing community portfolio located near the University of Missouri. The Portfolio totals 593 units and 1,836 beds with build years of 2011, 2010 and 2005. This offering provides investors the opportunity to purchase a portfolio of three assets, or individually, with proven track records that are perfectly positioned for a value-add program that would generate immediate revenue streams and yield increased returns.
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Mizzou 3-Pack Portfolio (3 properties, 593 units)
Central House Columbia
216 Units | 632 Beds
3200 Rock Quarry Rd
Columbia, MO  65201
Posted: 10/18/2023

Cushman & Wakefield’s Multi-Family Advisory Group is please to present the opportunity to acquire Charles House Commons located in the Unionville neighborhood of Farmington, Connecticut. Charles House Commons is a fully approved 267-unit ground-up multifamily development opportunity.

The property is envisioned to contain a mix of residential apartments and townhome condominium units. The project will contain 254 flats style apartment units, offering existing and future Unionville residents a much-needed alternative to traditional housing in the area while allowing the charms of Unionville’s village center to be truly appreciated. The apartment component of Charles House Commons will include studio units, one-bedroom units and two-bedroom units. They will all feature top-of-the- line finishes including granite counters, custom cabinetry, and high-end bathroom finishes.

The townhome condominiums, totaling 13 units, will range from one-bedroom, two-bedroom, and two-bedroom plus den unit layouts and feature top-of-the-line finishes as well. In addition to extensive neighborhood amenities in Unionville, the development amenities will include a fitness center, a clubhouse, bike storage, swimming pool, riverfront trail, and a kayak launch along the Farmington River.

Farmington, Connecticut has long been known as an idyllic suburb of Hartford and home of some of the area’s most well-known institutions. Unionville, a neighborhood on the western edge of Farmington, offering the intimacy of small-town life along with access to impressive outdoor recreational opportunities and nearby employment centers. Charles House commons presents investors will a rare opportunity to enter a strong market with excellent employment access and local amenities.

Process & Pricing

Charles House Commons 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 the offering memorandum and due diligence materials. 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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Charles House Commons
   
19 Perry Street
Farmington, CT  06085
Type:  Land
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the ±49.56-acre Chisholm Creek Development Site in Oklahoma City, Oklahoma. The property’s flexible zoning allows for high-density multifamily, high-density single family, retail, & mixed-use development. The site is just south of John Kilpatrick Turnpike and the area’s premier retail and entertainment district, Chisholm Creek. Running along the John Kilpatrick Turnpike, the Memorial Road corridor is home to some of the city’s most dynamic and sought-after retailers, as well as top employers. The multifamily market in Oklahoma City is strong, with an average of 3% rent growth projected 2024-2028 and backed by affluent demographics. The Chisholm Creek Development Site presents an exciting opportunity to embark on a dynamic mixed-use project with dense multifamily in one of the hottest areas of the city.
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Chisholm Creek Development Site
49.56 Acres
13001 N Western Ave
Oklahoma City, OK  73114
Posted: 3/22/2024