Cushman & Wakefield, as exclusive advisor, is pleased to present Palm Springs, a garden-style value-add apartment community consisting of 86 units in Hialeah, Florida (the “Property”). The Property features a distinct unit-mix with 59% two-bedroom units and 41% one-bedroom units. The Property is 95% occupied with an average market rent of $1,274 per unit. With modest unit upgrades there is an additional $150 per unit per month rent upside.

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Under LOI
Palm Springs (3 properties, 86 units)
725 Palm Springs
22 Units
725 W 29th Street
Hialeah, FL  33014
Posted: 4/6/2022

Cushman & Wakefield is pleased to present the opportunity to acquire 22 units spread across 14 properties just south of Downtown Pittsburgh.

The Greater South Pittsburgh Portfolio provides the unique opportunity for an investor to acquire 22 units in a high barrier to entry market surrounded by Pittsburgh's world class education, culture, and the region's top employers. The portfolio sits in the heart of some of Pittsburgh's strongest rental submarkets - Mount Washington, Brookline, and Brentwood.

Investors can purchase the portfolio below the individual assets' market value, allowing for multiple exit strategies. There is value-add potential for an investor by bringing the units to market, improving the units, or simply selling off pieces of the portfolio at fair market value.

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Under LOI
Greater South Pittsburgh Portfolio (14 properties, 22 units)
732 Bayridge Ave
2 Units
732 Bayridge Ave
Pittsburgh, PA  15226
Type: Conventional
Posted: 3/29/2022

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present for sale 75 East, a 5-story, a 44 unit, 66 bedroom apartment building overlooking Providence Harbor, located in the Fox Point neighborhood of Providence, Rhode Island. The 51,373 +/- square foot building was originally built in 1857 and has operated in multiple capacities over the years, ranging from an assisted living facility to an international educational academy. Today, the asset is operated as a student-oriented apartment building, catering to those attending the area’s numerous academic institutions, as well young professionals working in downtown Providence’s vibrant business district.

Furthermore, 75 East offers the potential for new ownership to significantly increase residential density at the property. Conversion of underutilized "dead spaces" including offices, classrooms, common areas, and potential renovation of the currently vacant 5th floor, will allow both unit and bed counts to increase dramatically. These spaces, which total over 8,000 square feet, are primed for residential conversion.

75 East 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 via The Multifamily System 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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Under Contract
75 East
   
75 East Street
Providence, RI  02903
Posted: 8/31/2021

Located in Pittsburgh's most popular neighborhoods, this portfolio provides the unique opportunity for an investor to acquire 13 units in a high barrier to entry market surrounded by world class education, culture and the region's top employers.

With properties spread across Oakland, Edgewood/Swissvale, and Greenfield, this portfolio contains some of the region's premier locations where top talent is drawn to live, work and play. The portfolio has a wide variety of unique features and unit types ranging from single family homes to multifamily properties. All the units have been at least partially upgraded and include open floor plans, updated kitchen and bathroom cabinets, flooring and light fixtures.

Many of the units could be easily improved to a more modern aesthetic which would allow the new owner to raise rents. Updated fixtures, common area and exterior upgrades to enhance the façade would make these units stand out even more in an extremely competitive rental market. Given the presence of Carnegie Mellon, The University of Pittsburgh, Chatham University and UPMC, these properties are in the epicenter of some of the world's best education and employment making them ideal for young students and professionals alike.

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Greater East End Portfolio (3 properties, 13 units)
7900 Edgewood Ave
5 Units
7900 Edgewood Ave
Pittsburgh, PA  15218
Type: Conventional
Posted: 5/3/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 286-unit 800 Tower City Club high rise apartment community located in Louisville, Jefferson County, KY. This asset is situated in Downtown Louisville, just 1 mile from the Louisville Medical District with over 25K jobs. Fronting I-65, 800 Tower City residents have access to Louisville’s main artery. With over $43M invested in the asset between 2015-2021, the property features luxury amenities and interior finishes. The property is the only high rise dedicated to multifamily in Kentucky and boasts breath taking views of Downtown Louisville. Built in 1974 and completely renovated, 800 Tower City Club represents an outstanding opportunity to invest in a turn-key asset in Downtown Louisville with upside remaining.
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800 Tower City Club
286 Units
800 S 4th Street
Louisville, KY  40203
Posted: 11/22/2021

Cushman & Wakefield is pleased to present the opportunity to acquire the Cambridge Connection, an exceptional 10-building portfolio totaling 85,000 +/- GSF located between Harvard Square and Porter Square in the heart of Cambridge, Massachusetts.

Institutionally owned and maintained, and offered unencumbered by long-term lease commitments, the portfolio presents immense value-add potential through the leaseup of vacant commercial space, the redevelopment to multifamily residential and condominium conversions, the potential for new ground-up residential construction, among other options and strategies.

The Cambridge Connection is situated in one of the most highly desirable metro areas in the world with unmatched access to many of the nation’s top colleges and universities, technology and bio-tech employers and many of the region’s best shopping and dining amenities. Situated on Mellen Street, Sacramento Street, Massachusetts Avenue, and Somerville Avenue, all of the buildings are located within a 10-minute walk of a MBTA Red Line station, as well as Harvard and Lesley University.

Process & Pricing

The Cambridge Connection 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".

Investors are invited to submit bids for the Cambridge Connection as a single portfolio, sub-portfolios or individual properties.

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Under Contract
Cambridge Connection (10 properties, 0 acres)
815 Somerville Ave
   
815 Somerville Avenue
Cambridge, MA  02138
Posted: 10/20/2021

Cushman & Wakefield is pleased to present the opportunity to acquire the Cambridge Connection, an exceptional 10-building portfolio totaling 85,000 +/- GSF located between Harvard Square and Porter Square in the heart of Cambridge, Massachusetts.

Institutionally owned and maintained, and offered unencumbered by long-term lease commitments, the portfolio presents immense value-add potential through the leaseup of vacant commercial space, the redevelopment to multifamily residential and condominium conversions, the potential for new ground-up residential construction, among other options and strategies.

The Cambridge Connection is situated in one of the most highly desirable metro areas in the world with unmatched access to many of the nation’s top colleges and universities, technology and bio-tech employers and many of the region’s best shopping and dining amenities. Situated on Mellen Street, Sacramento Street, Massachusetts Avenue, and Somerville Avenue, all of the buildings are located within a 10-minute walk of a MBTA Red Line station, as well as Harvard and Lesley University.

Process & Pricing

The Cambridge Connection 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".

Investors are invited to submit bids for the Cambridge Connection as a single portfolio, sub-portfolios or individual properties.

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Under Contract
Cambridge Connection (10 properties, 0 acres)
9 Mellen Street
   
9 Mellen Street
Cambridge, MA  02138
Posted: 10/20/2021

Cushman & Wakefield is pleased to present the opportunity to acquire 22 units spread across 14 properties just south of Downtown Pittsburgh.

The Greater South Pittsburgh Portfolio provides the unique opportunity for an investor to acquire 22 units in a high barrier to entry market surrounded by Pittsburgh's world class education, culture, and the region's top employers. The portfolio sits in the heart of some of Pittsburgh's strongest rental submarkets - Mount Washington, Brookline, and Brentwood.

Investors can purchase the portfolio below the individual assets' market value, allowing for multiple exit strategies. There is value-add potential for an investor by bringing the units to market, improving the units, or simply selling off pieces of the portfolio at fair market value.

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Under LOI
Greater South Pittsburgh Portfolio (14 properties, 22 units)
903 Fordham Ave
1 Units
903 Fordham Ave
Pittsburgh, PA  15226
Type: Single Family Rental
Posted: 3/29/2022

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 the opportunity to acquire 22 units spread across 14 properties just south of Downtown Pittsburgh.

The Greater South Pittsburgh Portfolio provides the unique opportunity for an investor to acquire 22 units in a high barrier to entry market surrounded by Pittsburgh's world class education, culture, and the region's top employers. The portfolio sits in the heart of some of Pittsburgh's strongest rental submarkets - Mount Washington, Brookline, and Brentwood.

Investors can purchase the portfolio below the individual assets' market value, allowing for multiple exit strategies. There is value-add potential for an investor by bringing the units to market, improving the units, or simply selling off pieces of the portfolio at fair market value.

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Under LOI
Greater South Pittsburgh Portfolio (14 properties, 22 units)
950 Berkshire Ave
1 Units
950 Berkshire Ave
Pittsburgh, PA  15226
Posted: 3/29/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 346-unit Augusta BTR Trio located in Augusta, Georgia. Consisting of 3 properties, Brighton Park and Joiner Crossing are located in Grovetown, while Adderman Pointe is found in Augusta Proper. Built in 2014 through 2022, the portfolio represents an outstanding opportunity to invest in very desirable townhome product in high growth locations with immediate access to major employers and retail via I-20. Additionally, the portfolio has the ability to increase rents significantly through both value-add and second generation leases, allowing for strong upside day one.
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Augusta BTR Trio (3 properties, 346 units)
Adderman Pointe
44 Units
1035 Stevens Creek Road
Augusta, GA  30907
Type: Conventional
Posted: 3/21/2022
Cushman and Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the recently completed Altis Miramar (320 apartment homes) and Altra Miramar (330 apartment homes). Both properties represent the newest resident experience in Miramar and feature thoughtfully crafted unit layouts with finish levels and amenities that set the market standard for best-in-class living. They are also walkable to a brand new 57,000 square foot retail center featuring, Starbucks, Five Guys, World of Beer and Pediatric Associates.

Altis Miramar features a 3-story design with direct access units and attached garages in 56% of the units while Altra Miramar is a 5-story design with 75 tuck under garages. Both assets feature a mix of one, two and three-bedroom residences with an average unit size of 1,059 square feet at Altis Miramar and 951 square feet at Altra Miramar.

The properties are located directly across the street from Miramar Park of Commerce which features over 5 million square feet of office. They are less than two minutes from the Florida Turnpike providing an easy commute to the surrounding employment nodes of Miami, Doral, Ft. Lauderdale, Plantation and Sawgrass Corporate Office Park. Altis Miramar and Altra Miramar are being offered to the market for the first time by it developer, nationally recognized Altman Companies.

THE PROPERTIES CAN BE PURCHASED INDIVIDUALLY OR TOGETHER.
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Under Contract
Altis Miramar & Altra Miramar (2 properties, 650 units)
Altis Miramar
320 Units
11385 SW 30th Court
Miramar, FL  33025
Posted: 3/11/2022
Cushman and Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the recently completed Altis Miramar (320 apartment homes) and Altra Miramar (330 apartment homes). Both properties represent the newest resident experience in Miramar and feature thoughtfully crafted unit layouts with finish levels and amenities that set the market standard for best-in-class living. They are also walkable to a brand new 57,000 square foot retail center featuring, Starbucks, Five Guys, World of Beer and Pediatric Associates.

Altis Miramar features a 3-story design with direct access units and attached garages in 56% of the units while Altra Miramar is a 5-story design with 75 tuck under garages. Both assets feature a mix of one, two and three-bedroom residences with an average unit size of 1,059 square feet at Altis Miramar and 951 square feet at Altra Miramar.

The properties are located directly across the street from Miramar Park of Commerce which features over 5 million square feet of office. They are less than two minutes from the Florida Turnpike providing an easy commute to the surrounding employment nodes of Miami, Doral, Ft. Lauderdale, Plantation and Sawgrass Corporate Office Park. Altis Miramar and Altra Miramar are being offered to the market for the first time by it developer, nationally recognized Altman Companies.

THE PROPERTIES CAN BE PURCHASED INDIVIDUALLY OR TOGETHER.
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Under Contract
Altis Miramar & Altra Miramar (2 properties, 650 units)
Altra Miramar
330 Units
2750 SW 113 Ln
Miramar, FL  33025
Posted: 3/11/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 360-unit Amber Grove apartment community located in Marietta, GA. This asset is situated in the burgeoning suburbs of Cobb County with 3.8M SF of new developments under construction and 20% year-over-year multifamily rent growth. Current ownership has spent $3.8M on capital improvements at Amber Grove and renovated about 50% of units. A new owner can generate upside by renovating the remaining 167 units. Additionally, Amber Grove has a favorable tax advantage with frozen taxes over the next two years. Built in 1973, Amber Grove represents an outstanding opportunity to invest in a value-add asset with large floor plans and low density in the highly sought-after Cobb County.
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Amber Grove at Olley Creek
360 Units
2050 Austell Road
Marietta, GA  30008
Type: Conventional
Posted: 3/22/2022

Cushman & Wakefield, as exclusive advisor, is pleased to present Ancora, a 289-unit Class A apartment community located in Orlando, Florida (the "Property"). Completed in 2018, the Property is situated on 16.5 acres in the core of Orlando’s tourist corridor.

Ancora features two four-story residential buildings with first and second-floor common areas. The average unit size of the apartment homes is 969 s.f. across one, two, and three-bedroom floor plans. The Property features best-in-class amenities including a 24-hour two-story fitness center with yoga studio, Fitness-On-Demand, and boxing zone, infinity pool with summer kitchen and cabanas, resident game room with billiards and virtual golf simulator, theater room, business center, kid’s room, dog wash and spa, electric car charging stations, and package concierge among other community offerings.

The Property is located along iconic International Drive, offering residents immediate access to an unmatched set of shopping and dining attractions, first-class resorts, theme parks, and golf courses. Additionally, the Property is well-positioned within the Tourist Corridor Office Submarket, home to more than 9.8 m.s.f of office space, and in close proximity to Interstate-4, providing direct access to a wide range of employment hubs throughout the Orlando Metro Area.

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Under Contract
Ancora
289 Units
10107 Ancora Circle
Orlando, FL  32821
Type: Conventional
Posted: 3/29/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 174-unit Arbor Terrace & Guest House portfolio located in Rome, Floyd County, Georgia. This portfolio is strategically-located amidst Rome’s most prominent employment drivers (education, healthcare, and manufacturing). Arbor Terrace & Guest House are quality built assets with significant room for revenue growth. Built in 1974 & 1989, this portfolio offers an outstanding opportunity to invest insignificant value-add portfolio that has a 50+ year ownership history. The portfolio presents the opportunity to invest in a thriving economy just 50 miles outside of Atlanta.
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Under Contract
Arbor Terrace & Guest House
174 Units
48-50 Chateau Drive
Rome, GA  30161
Posted: 3/30/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 380-unit South Carolina Value-Add Portfolio located in two of South Carolina’s most admired cities, Columbia and Spartanburg. Both assets are situated in South Carolina’s most robust and diverse markets with major employment centers and multifamily fundamentals that will support both assets for the long haul. Both the East Columbia and East Spartanburg submarkets are characterized by impressive rent growth, 15% and 20% respectively, dominant white-collar workforces, and majority renter occupied populations. Arbors at Windsor Lake and Cross Creek are both set to benefit from their strong micro locations with qualities such as impressive area demographics and seamless connectivity to economic drivers. Built in 1991/1981, the portfolio offers an outstanding opportunity to gain immediate scale and infrastructure in high growth southeastern markets with strong value-add opportunities to command average premiums of $255.
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Under Contract
South Carolina Value-Add Portfolio (2 properties, 380 units)
Arbors at Windsor Lake
228 Units
8720 Windsor Lake Boulevard
Columbia, SC  29223
Type: Conventional
Posted: 3/3/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 625-unit Mobile 625 Portfolio. This portfolio is situated in the rapidly expanding West Mobile submarket which has experienced 17% rent growth over the past two years and 97% current occupancy. The three assets are within 1 mile of Airport Blvd, which allows residents convenient access to all of Mobile’s employment opportunities, retail amenities, and leisure activities. The portfolio, 625 units built between 1974-83, offers massive scale and presents an outstanding opportunity to invest in a stable, cash flowing portfolio with major value add upside.
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Under Contract
Mobile 625 Portfolio (3 properties, 625 units)
Ashford Place
168 Units
6075 Grelot Road
Mobile, AL  36609
Type: Conventional
Posted: 3/10/2022

HIGHLY DESIRABLE ALL TOWNHOME LAYOUTS WITH GARAGES

100% of the units at Aurora have an attached one car garage and offer a spacious townhome layout with 1,200+ square feet of living space, providing a single family look and feel. All units have a private entrance, front and back yard, private garage, in unit washer/dryer connection, deck, and spacious basement with storage space and daylight window.

HIGH OCCUPANCY, 5.2% T-3 CAP RATE & UNDER MARKET RENTS

With current occupancy of 94%+/- and a multi-year history of high occupancy, Aurora has demonstrated incredibly high renter demand. Current rental rates trail the surrounding comparable properties by more than 20% / $260+ per month. Pricing guidance at $11M represents 5.2% Cap Rate on T-3.

ABILITY TO RAISE REVENUE IMMEDIATELY

In addition to organic rent growth, a new owner can increase rents by completing interior unit upgrades to achieve $200+ monthly premiums.

CLOSE PROXIMITY TO RETAIL & EMPLOYMENT

Residents of Aurora Townhomes enjoy easy access to abundant nearby retail, restaurants and employment. Bath and Body Works is headquartered in the city and other employers include Amazon, Lbrands, Victoria's Secret, JCPenney, Ohio Health and Mount Carmel East Hospital. Reynoldsburg is located in the Columbus MSA, one of the fastest-growing metros in the nation with unprecedented population, GDP and job growth.

360 UNIT PORTFOLIO: $99K/UNIT & 5% T-3 CAP RATE

Aurora can be purchased individually, or as part of a three property, 360-unit portfolio. The Portfolio Pricing Guidance of $35.5M represents an average price per unit of just under $99k per unit and a blended 5.0% Trailing 3 Cap Rate.

   
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Under Contract
Aurora Townhomes
82 Units
6864 Gemstar Road
Reynoldsburg, OH  43068
Type: Conventional
Posted: 5/5/2022
Cushman & Wakefield is pleased to offer AVALON, a 117-unit fully renovated garden-style asset located in the Biltmore area of the city of Phoenix. Originally constructed in 1973, Avalon has undergone a complete renovation under the current ownership to create a high quality, affordable community in the highly desirable Biltmore area of Phoenix.
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Coming Soon
Avalon
117 Units
3851 North 28th Street
Phoenix, AZ  85016
Posted: 4/25/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 154-unit Avalon Plaza apartment community located in Mobile, AL. This asset sits within a well-performing multifamily submarket, which has demonstrated excellent rent and occupancy trends over the past 5 years. Located just one mile south of Airport Blvd (12.5M SF of Retail) and half a mile west of the I-65 interchange (38,000 VPD), residents experience convenient access to all of Mobile’s employment opportunities, retail amenities, and leisure activities. Built in 1973, Avalon Plaza offers an outstanding opportunity to invest in a partially completed value add opportunity with significant upside for the next investor, with larger sized townhomes representing over 50% of the unit mix.
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Under Contract
Avalon Plaza
154 Units
3600 Michael Boulevard
Mobile, AL  36609
Type: Conventional
Posted: 2/9/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 400-unit Avana on Breckinridge apartment community located in Duluth, Gwinnett County, Georgia. This asset sits within one of the top-performing multifamily submarkets in the nation, which has demonstrated excellent rent and occupancy trends for more than two decades. Built in 1986, Avana on Breckinridge offers an outstanding opportunity to invest in a proven value-add asset with significant upside for the next investor.
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Avana on Breckinridge
Offers Due:  Wednesday, June 29, 2022
400 Units
3450 Breckinridge Boulevard
Duluth, GA  30096
Type: Conventional
Posted: 5/23/2022

Cushman & Wakefield has been exclusively retained by Shea Connelly Development, LLC to offer an investment opportunity in the development of Avenue of the Fountains Luxury Apartments (the “Property”), a 190-unit luxury multifamily development. It will be situated in the Phoenix suburb of Fountain Hills, located directly across from the Fountain Monument, the focal point of community gathering and celebration in Fountain Hills. Shea Connelly Development is seeking approximately $13.7M of JV Equity for the development of Avenue of the Fountains Luxury Apartments.

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Avenue of the Fountains
   
Fountain Hills, AZ
Type: Land
Posted: 4/6/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Aviles, a 67-unit, 2022-build townhome community located in the highly sought-after Gulf Shores beach community in Baldwin County, AL. Aviles is a Class A, purpose-built townhome community situated less than two miles north from scenic beaches ($6.1B+ economic impact) and numerous key attractions such as The Wharf, Gulf State Park and world-class fishing. The asset offers residents convenient access as it is located just off Highway 59 (37K+ VPD) and is less than 10 minutes away from Gulf Shores’ Intl. Airport. Constructed in 2022, Aviles is comprised of 2BR floorplans boasting premium finishes and layouts. Upon stabilization new ownership is well positioned to capture upward momentum through 2nd Gen leases. The Gulf Shores submarket boasts 10.2% average annual rent growth since 2017 with Townhome and BTR occupancy being 98%. With Baldwin County leading Alabama in population growth (63% since 2000), Aviles arrives to market well located and positioned for new ownership to take advantage of the booming growth the region continues to experience.
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Aviles
Offers Due:  Wednesday, July 13, 2022
67 Units
360 Fort Morgan Rd W
Gulf Shores, AL  36542
Type: Single Family Rental
Posted: 6/1/2022