Harbour Pointe is a 336-unit apartment community located on Indianapolis’ popular northeast side. The community was built in two phases in 1969 and 1970 and has been owned and well maintained by the current owner (a family company) since 1990. Recent capital improvements performed by the seller include, repainting and carpeting of all hallways in 2016, $100,000 spent on landscaping in 2016, and paving and seal coating work in parking areas and drives.
Harbour Pointe’s amenities include a large swimming pool and multi-level sundeck, a full fitness center and a sand volleyball court. Eighty-seven covered parking spaces are available for rental. Just across the street from the property is the Fall Creek Greenway, a very popular 8 mile walking, jogging and biking trail which connects northeast Indianapolis and downtown.
Harbour Pointe has a history of very high occupancy (over 98% for the last five years) and often has a waiting list. The property offers opportunities to an investor to increase revenue significantly through upgrades of unit interiors, the bill back of water, sewer and trash; converting two of the three models to rental units and enhancement of the current amenity package.
Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire Icon Las Olas – an iconic 44-story residential high-rise overlooking historic Las Olas Boulevard, the Atlantic Ocean, downtown Fort Lauderdale and the New River.This coveted and irreplaceable asset opened in October 2017, and is comprised of 272 luxury residences and three top-rated restaurants: Etaru Japanese Bar + Grill, Salt Seven Modern Eatery & Lounge and IT! Italy Café.
Rising 44 stories, Icon is the tallest building in Fort Lauderdale. Suspended atop the skyline and nestled between Las Olas’ preeminent high street and the New River, Icon presents unobstructed views of the ocean, downtown and Las Olas Boulevard. An asset of this awe-inspiring height, condominium quality finish, architecture and irreplaceable location, make it a rare acquisition opportunity and the premier asset of an investment portfolio for generations as it commands the center of a major downtown.
Built with the most discerning residents in mind, Icon Las Olas sets a new standard of excellence. The building’s unique curvature, glass façade, and sheer height evoke feelings of opulence. All units feature floor-to-ceiling glass, interiors designed by internationally recognized Steven G., and exceptional interior finishes that include built-in Sub Zero and Bosch appliances. Average unit sizes are a remarkable 1,516 square feet, dwarfing the market average by over fifty percent.
Icon Las Olas has performed in record setting fashion as the market enthusiastically responded to the ultra-luxury niche. The property has achieved stabilization in just over 12 months while boasting an affluent tenant base with the highest household incomes in South Florida, placing the rent to income ratios comfortably below market norms.
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in Idora Apartments (the "Property" or "Idora"), a 33-unit luxury midrise apartment community located in Oakland, California. Situated in Oakland’s trendy Temescal neighborhood, the property provides the rare combination of modern design, a core location and instant transit access.
Completed in 2017, Idora was constructed to condominium-quality standards and has a condominium map in-place. The Property is a five story luxury apartment community that has a favorable unit mix of 14 one-bedroom and 19 two-bedroom units, in addition to approximately 2,400 square feet of ground floor retail. Idora is located in a thriving Oakland submarket which provides residents easy access to the San Francisco Bay Area’s economic and lifestyle offerings that make it one the world’s premier places to work and play.
Idora Apartments is offered in conjunction with the 50-units located at 777 Broadway located in downtown’s Old Oakland neighborhood. These two properties are available individually or as a portfolio, providing immediate scale.
Cushman & Wakefield is pleased to offer JEFFERSON CHANDLER, a brand new 283-unit Class "A", gardenstyle luxury rental community located in Chandler, Arizona near Chandler Fashion Center, with easy access to restaurants, shopping, entertainment and recreation. Jefferson Chandler features a mix of studio, one, two and three bedroom floor plans and superior amenities. Nearby are top-rated schools, medical centers, parks,movie theaters, golf courses, major employers and office parks, and many shopping and dining options. The property’s location is 1 mile away from the Loop 101/Loop 202 freeway interchange, connecting residents to the rest of the Metro Phoenix area.
Completed in 2018 by JPI, a premier national multifamily developer, Jefferson Chandler combines a high quality suburban location with a high level exterior design, a superior amenity package, top-of-the-line interior finishes and excellent floor plans to create a true best-in-class multifamily community.
Residents can take advantage of Jefferson Chandler’s resort-style swimming pool, poolside cabana, outdoor firepit, grilling stations with lounge seating, putting green and ramada, clubhouse with social business hub, game room with billiards, high-tech fitness facility, yoga studio, storage units, off-leash pet park and pet spa. Jefferson Chandler is an elevator-served (4-story building only), gated community with covered parking, available attached/detached garages and open spaces for guest parking.
The extensive amenities offered residents are matched by high level interior finishes provided in each individual residence. Jefferson Chandler’s spacious floor plans feature 9-foot ceilings, designer-inspired interior color schemes, wood-look plank flooring, quartz countertops in kitchens and baths, chef-inspired kitchens with stainless steel appliances, undermount sinks, kitchen backsplashes, washers/dryers and exterior storage space. Select units include dual vanities in bathrooms, walk-in showers, kitchen islands, walk-in closets and private patios/balconies with french doors.
Cushman & Wakefield, as exclusive advisor, is pleased to present Lakes at North Port, located in North Port, Florida. The asset is a 312-unit value-add, multifamily community built in 2000 of tunnel form concrete block construction.
Lakes at North Port offers a significant value-add opportunity through unit renovations, and the ability to achieve $268 average rent premiums increasing effective rental income by 22%.
The community is just over a 30-minute commute to Downtown Sarasota and Fort Myers encompassing over 700,000 jobs.