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.
Echo Park Bloomington is a premier luxury community located on the south side of booming Bloomington, IN. The thoughtful high-end modern design of this class A new construction property creates a living environment above all other competition. The luxurious living experience caters perfectly to the high income young professional residents.
Bloomington is best known for the highly-rated, 45,000+ enrollment Indiana University, but this city has more to offer than just the typical college town in the way of high paying employment opportunities, international cuisine, music venues, retail boutiques, lakes, wineries and the Hoosier National Forest.
Echo Park is currently 97% occupied and has an excellent lease trajectory into the future. Its stabilization and high occupancy allow for the best permanent new financing terms available.
Emerson Village Apartments, situated on 23 acres, is a 352-unit community conveniently located on the southeast side of Indianapolis. With exceptional visibility directly on a major north south thoroughfare, the property has mature trees, two lakes and provides a quiet neighborhood setting.
The well-maintained property was built in two phases, Phase I 1987 and Phase II 1988 with approximately thirty percent of the units currently upgraded allowing the new ownership the ability to further increase revenue by continuing the unit upgrades.
Located in Franklin Township, on the southeast side of Indianapolis, Emerson Village enjoys exceptionally easy and convenient access to downtown Indianapolis, local restaurants and employment.
Offered Free and Clear, the property’s stable financial performance will allow for the most competitive and attractive new debt structure.