Brookview Apartments is an attractive 220 unit community that has been well maintained by the original owner and is located on 25.66 acres on Indianapolis’ east side. Built in 1975, the property has mature trees, vast greenspace and a large stocked lake.
The property offers an attractive unit mix of 1 and 2 bedroom garden style units and 2 or 3 bedroom townhomes with beautiful open floorplans. There remains upgrade potential by adding washer / dryer hookups and machines, a bark park, a grilling station by the pool and creating a walking path around the lake.
Brookview is located one street north of busy Washington Street (US 40) and just east of Interstate -465 (Indianapolis’ interstate beltway) on the city’s suburban east side. The location provides the community with a quiet atmosphere while being exceptionally convenient to dining, shopping and major employment centers.
The Cushman & Wakefield St. Louis Capital Market's Team is pleased to offer for sale the 100% fee simple interest in the Butler Brother's building located at 1717 Olive Street in St. Louis, MO. The Butler Brother's building is a premier multifamily/hotel "loft" redevelopment opportunity positioned in the heart of St. Louis' Downtown "Loft District". As-is, the building contains 718,660 square feet and consists of eight stories. A preliminary redevelopment plan includes 342 multifamily units with 397 garage parking spaces and two retail spaces. A portion of the property could also be redeveloped into a hotel that would compliment the residential component.
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. Butler Brother's is located just three blocks from the MLS site, offering an exceptionally rare opportunity to acquire one of Downtown St. Louis' last remaining large historic buildings in an area poised for significant growth and long-term appreciation.
This asset offers an attractive value- add opportunity with opportunistic returns. There is an immediate opportunity to raise rents and capture higher revenue. A new investor has the opportunity to upgrade the approximately 80% of units that are still with classic finishes. Recently renovated property directly across successfully achieve $168 premium per unit.
The Cushman & Wakefield Fogler/Nicoluzakis Multifamily Capital Markets Team is pleased to offer CENTERRA, a renovated, 202-unit, garden-style apartment community located near Frank Lloyd Wright Boulevard and Shea Boulevard in North Scottsdale, Arizona, one of the Phoenix area's most exclusive neighborhoods.
Centerra is a gardden-style, two and three story community featuring a mix of one and two bedroom/two bath units with washers and dryers. All 202 units have been completely upgraded with new Whirlpool stainless steel appliances, new cabinets (in kitchens and bathrooms), new flooring, granite countertops (in kitchens) along with new light and plumbing fixtures.
In addition to the unit interiors, the exterior of the property and amenities were updated. Exterior improvements included the addition of a fitness center, updates to the leasing/business center, new roofs and a complete repaint of the community. While Centerra has been updated, there is still value-add potential remaining through targeted upgrades.
The Cushman & Wakefield Multifamily Advisory Group is excited to present the exclusive listing of Chalet Apartments located in St. Louis, Missouri. Consisting of a 38-unit, garden-style multifamily complex, Chalet Apartments presents qualified investors the opportunity to acquire a well-maintained asset with proven value-add potential. The property is centrally located within the historically stable North St. Louis County submarket and provides easy access to major interstates, employment centers, retail, dinning, and parks and recreation centers. Through the completion of the interior renovation program started by current ownership, this offering presents investors an opportunity to capture significant, proven upside.
City View Apartments is a 221-unit apartment mid-rise, located in an Opportunity Zone in downtown Omaha. City View offers an investor a rare opportunity to own an asset in the highly desirable downtown submarket of Omaha, an area that is seeing a significant amount of redevelopment and new construction projects. This location offers proximity to a dynamic variety of employers including four Fortune 500 companies, universities such as Creighton University and the Nebraska Medical Center, and fantastic restaurant and entertainment amenities located in the downtown and midtown areas of Omaha.
City View Apartments is a 112-unit property located in the West-Central submarket of Las Vegas and is poised to take advantage of the recent surge of nearby activity. Constructed in 1977, City View is a quaint community that offers proven renovation upside in both floor plans, ample common areas, a pool, and a lightly renovated clubhouse.
Las Vegas was the number one metro for rent growth in 2018, recording 7%+ growth. Las Vegas also recorded rent growth of 6%+ in 2016 and 2017. With the strong rent growth in Las Vegas, City View has been able to prove out $130 per month lifts in rents through a light interior improvement plan, while remaining "under market". Renovations include countertops, appliances, baseboards, paint, and hardware.
The West-Central submarket continues to be a proponent of higher rental rates as newer assets begin value-add campaigns & luxury projects continue to be developed in the immediate vicinity. Rent comps like the Sedona Ridge and Tower at Tropicana have rental rates $150-$200 per month higher than the renovated rates at City View. Sales in the submarket are exceptionally strong as well. The Green Leaf Lotus Apartments, less than one mile away, recently sold for $261,016.95 per unit. The 1988-vintage "Sequoia Meadows", just 0.9 miles away, recently sold for $163,602.94 per unit. Additionally, nearby Chinatown is experiencing a BOOM in the retail sector, as there proves to be huge demand to live, work, & eat in this corridor. Population growth in this pocket is projected at 9.41% through 2023
Cityscape is a 163-unit apartment community located in the heart of Fort Wayne’s vibrant downtown. Completed in 2017, the community is the largest new urban multifamily development in downtown Fort Wayne.
Property amenities include a large cardio-fitness center, an expansive raised courtyard in the interior of the structure with a unique aqua bench feature (wading pool) and thousands of square feet of open green space. Grilling stations and an outdoor lounge space with firepit are available for residents throughout the year in this one-of-a-kind space at Cityscape Flats. The community also has a penthouse-level club room on the top floor with access to a large deck overlooking Parkview Field and entertainment venue which hosts the minor league baseball team the TinCaps.
The community offers an attractive mix of 5 Studio units, 116 One Bedroom Flats (in three floor plans) and 42 Two Bedroom Flats (in four floor plans). All units have washer/dryer hookips, and kitchens feature granite countertops with brushed nickel accents throughout, frost-free refrigerators, dishwashers and garbage disposals.
The community is in an excellent location conveniently located in the Fort Wayne downtown CBD, with many major employers and two major universities all within minutes of the property.
This Investment Offering provides the Opportunity for an investor to acquire the CLIFFSIDE APARTMENTS, a 27-unit community located minutes north of Downtown Salt Lake City in the highly desirable Marmalade District. Defined as one of Salt Lake City’s most historic neighborhoods, the area is characterized by its mature landscaping and iconic architecture.
Complimented by the prestigious adjacent Capitol Hill and Avenues neighborhoods, Marmalade continues its transformation from a funky, dated district to a revitalized, active downtown community with a wide variety of development underway.
Cushman & Wakefield, in conjunction with WT Mitchell Group Inc., are pleased to exclusively present the opportunity to acquire Concord Terminal (the "Property"), a ±2.66 acre transit-oriented multifamily development site located in Concord, California. Situated just steps from the Concord BART station, the Property’s infill location provides future residents immediate access to the San Francisco Bay Area’s economic and lifestyle offerings that make it one of the world’s premier places to live, work and play.
Concord Terminal is currently a retail shopping center with month-to-month tenancies which provides an investor logistical flexibility while also benefitting from recurring cash flow during the entitlement process. Located within Concord’s Downtown Mixed Use (DMX) zoning district, the Property is zoned for up to 266 multifamily units and, through density bonuses, more than 300 units could potentially be built on the site.
With modern design, a transit-friendly location, and close-proximity to downtown Concord's numerous lifestyle amenities, Concord Terminal will offer a highly-amenitized living experience for residents seeking convenient living in the San Francisco Bay Area.