The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 271-unit Sterling Pointe apartment community located in Ocala, Florida. The asset is situated in the desirable area of the North Ocala Submarket. Built in the early 1980's to early 2000's, Sterling Pointe offers an outstanding value-add opportunity that would result in Effective Rental Income growth of 31% and a 22% Return-on-Investment once fully implemented.

Sterling Pointe
271 Units
3480 NE 48th Terrace
Ocala, FL  34488
Type: Conventional
Closed: 7/31/2019
Available Individually or in Conjunction with The Park at Ashley Place

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.

Lakes at North Port
312 Units
1015 Ohana Way
North Port, FL  34289
Type: Conventional
Closed: 7/25/2019
The Perfect Sunrise Location with Tremendous Upside

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Nexus Sawgrass, a 501-unit core-plus opportunity located in Sunrise, Florida. Developed in 2013, the property consists of a mix of four-story midrise and three-story garden buildings. Current ownership has been upgrading the bedrooms with hard surface flooring on 47 units and has been achieving average premiums of approximately $45. With the quality construction and location, Cushman & Wakefield projects additional upside potential to include: continuation of the hard surface flooring, upgraded light & fan package, backsplash, USB ports and updated appliances. The location of Nexus Sawgrass in Sunrise offers the ultimate in access to jobs and retail within a quintessential Florida suburban community. The property is less than two miles from the 612-acre, Sawgrass International Corporate Park and is walking distance to the 2.3 million sf Sawgrass Mills Mall. It also has immediate access to the Sawgrass Expressway, I-75, and I-595 which have undergone over $2.2B in improvements allowing residents direct commutes to the major employment centers in Broward and Miami-Dade Counties.

Nexus Sawgrass
501 Units
2903 NW 130th Avenue
Sunrise, FL  33323
Type: Conventional
Closed: 6/27/2019

The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of the 132-unit Saddle Cove Townhomes located in Gainesville, Florida. This asset is situated in the desirable Gainesville-University South submarket. Built in 1979 of concrete block construction, Saddle Cove Townhomes offers an outstanding opportunity to invest in this well-designed community that offers a significant value-add opportunity while also capitalizing on the $1,100,000 +/- improvements recently implemented.

Saddle Cove
132 Units
3010 SW 23rd Terrace
Gainesville, FL  32608
Type: Conventional
Closed: 6/20/2019
Attractive Location in one of Orlando's Most Dynamic Submarkets

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Alta Grande, a brand-new apartment home community in South Orlando. The 314-unit property consists of three-story garden-style buildings with an average unit size of 969 square feet. Developed in 2018, the property consists of a mix of one-, two- and three-bedroom residences with expansive state-of-the-art amenities and market-leading finish levels. The location of Alta Grande in South Orlando offers the ultimate access to jobs, retail and entertainment. The property is less than 5 minutes from SouthPark Center, a 1.5 million square foot office park as well as just minutes from two Fortune 500 companies, Lockheed Martin and Darden Restaurants. Residents also have access to I-4, The Beachline Expressway (FL-528) and Florida’s Turnpike, allowing residents easy access to Orlando’s major employers.

Alta Grande
314 Units
3512 Grande Reserve Way
Orlando, FL  32837
Type: Conventional
Closed: 6/13/2019

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.

A Trophy Residential Tower

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.

Superior Asset Quality and Unit Sizes

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.

Performance Fueled by Affluence

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.

Icon Las Olas
272 Units
500 East Las Olas Boulevard
Fort Lauderdale, FL  33301
Closed: 6/5/2019
Available Together or Separately

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire together or separately two core, suburban infill, garden apartment assets in Miami, Florida – Doral View and Town Fontainebleau Lakes. Both properties are each 360-units in 3-story garden design, which has become an increasingly rare and thinly traded building type due to available land. Completed in 2014 and 2016, Doral View and Town Fontainebleau Lakes were developed with the highest design standards. Both properties feature a mix of one-, two- and three-bedroom residences with expansive, state-of-the-art amenities and finish levels. Further, the properties have unmatched visibility with their location along the Dolphin Expressway and its 122,000 cars daily. This highway adjacent location has driven strong, qualified renter traffic seeking excellent connectivity to nearby major employment centers including Doral, Blue Lagoon, Florida International University (FIU), and downtown Miami.

Doral View & Town Fontainebleau Lakes (2 properties, 720 units)
Doral View
360 Units
901 NW 97th Avenue
Miami, FL  33172
Closed: 5/14/2019

Cushman & Wakefield, as exclusive advisor, is please to present the opportunity to acquire Avana Cypress Creek, a 220 unit multifamily asset located in Broward County. The property was delivered in 2009 at the start of the current development cycle. The property represents a first generation value-add opportunity with a continuation of a light renovation program enhancing unit interiors. Current ownership has started renovating the units and is achieving average premiums of $70. With well-designed floorplans and direct-access garages in 36% of the units, Avana Cypress Creek is poised to better compete with the newer assets which were recently delivered in the market. The current upgrades include vinyl-plank flooring, backsplash, Nest thermostats and other in-unit upgrades. The property is located adjacent to Florida’s Turnpike, providing excellent exposure and connectivity to South Florida’s largest employment centers of Cypress Creek, Sunrise, Plantation and Boca Raton.

Avana Cypress Creek
220 Units
1700 South State Road 7
North Lauderdale, FL  33068
Type: Conventional
Closed: 5/8/2019
Cushman & Wakefield, as exclusive advisor, is pleased to present Broadstone Harbor Beach – a waterfront, midrise apartment community with 394-units in Fort Lauderdale, Florida. Situated in the heart of the world’s largest yacht mecca, every detail was carefully selected at Broadstone Harbor Beach resulting in the merger of inspirational waterfront living and architecture. The property is being offered for the first time by its developer, Alliance Residential and represents one of only seven waterfront communities in the county.
Broadstone Harbor Beach
394 Units
1721 SE 17th Stree
Fort Lauderdale, FL  33316
Closed: 3/20/2019

The Cushman & Wakefield Multifamily Advisory Group is pleased to present 6484 Indian Creek Drive, a waterfont land lease opportunity on Miami Beach. The land totals +/- 53,000 square feet. Currently on the site there is a 102-unit coop. The property was built in 1957. The land lease expires June 30, 2055 (almost 37 years left). The land lease totals approximately $65,000 per year in net income to the land lease holder.

Indian Creek Land
1.22 Acres
6484 Indian Creek
Miami Beach, FL  33141
Type: Land
Closed: 2/28/2019
Calais Park offers an investor the opportunity to significantly enhance revenue and value through implementation of a market-supported unit upgrade program. Construted in 2003, the apartments at Calais Park are among the largest in the region. The community is positioned along Interstate 275, immediately proximate to an I-275 interchange placing it within minutes of several large employment centers and the downtown St. Petersburg entertainment district.
Calais Park Lofts
261 Units
5800 Calais Lane
St. Petersburg, FL  33714
Closed: 2/14/2019
Lakehouse Luxury
125 Units
3003 S Frontage Road
Plant City, FL  33566
Closed: 1/15/2019

Cushman & Wakefield, as exclusive advisor is pleased to present the opportunity to acquire Elan Maison, a brand new, 394-apartment home community located with greater Ft. Lauderdale. The property recently stabilized by averaging over 30 leases per month.

Elan Maison redefines the standard for apartment living being the only garden-style apartment with enclosed air-conditioned corridors and cutting-edge finish levels both inside the units and throughout the common areas. It has unmatched accessibility along I-595 with direct access the major South Florida Roadways.

Elan Maison is being offered for the first time to the market by its developer, nationally recognized Greystar.
Elan Maison
394 Units
6220 Reese Road
Davie, FL  33314
Type: Conventional
Closed: 12/27/2018

Cushman & Wakefield, as exclusive advisor, is pleased to present Riviera Hills - a 84-unit value-add opportunity located at 5220-5435 NW 18th Place in Lauderhill, Florida. The property offers 26 studios, 6 1BR/1BA, 34 2BR/1BA and 16 2BR/2BA units averaging 694 square feet. The rents are below market and can be increased generating additional revenue by $170,000.

Riviera Hill’s central Broward location is a magnet for employees working in the area’s largest employment centers, such as Plantation, Sunrise and Fort Lauderdale. The property is 2 miles east of Plantation Pointe, a 900,000 square foot office park with high-profile tenants including Motorola, Envision, and Magic Leap. The property is also about 5 minutes east of University Drive which serves as the main thoroughfare in the area, with various retail and dining options. Lastly, Riviera Hills is just a mile north of the Florida Turnpike’s ramp on Sunrise Boulevard allowing quick access to all major South Florida employment centers.

Riviera Hills
84 Units
5220-5435 NW 18th Place
Lauderhill, FL  33313
Closed: 12/6/2018
6905-6921 Rue Vendome
30 Units
6905-6921 Rue Vendome
Miami Beach, FL  33141
Type: Conventional
Closed: 11/30/2018

Cushman & Wakefield, as exclusive advisor, is pleased to present the investment opportunity to acquire Broadstone Plantation – a premier 250-apartment home asset located in Plantation, Florida. The property is comprised of a mix of five-story midrise buildings and three-story garden buildings with a combined average unit size of 989 square feet.

Broadstone Plantation is centrally located in Plantation and provides access to over 2.9 million square feet of office making it one of South Florida’s most dynamic live and work environments. The property opened in August 2017 and represents the newest era of garden apartments while setting the standard for luxury apartment living with market leading finishes, amenities and accessibility.

Broadstone Plantation
250 Units
6901 W Sunrise Boulevard
Plantation, FL  33313
Closed: 11/13/2018
Mosaic at the Forum, Fort Myers’ newest luxury rental community offers an investor the opportunity to participate in the top tier of the rapidly-expanding Southwest Florida multifamily market. As of early-2018, the property is completing its initial lease-up and approaching stabilization. Mosaic offers a contemporary design, market-leading apartment features and a broad array of community amenities. It enjoys extraordinary visibility (86,000 cars daily) by virtue of direct Interstate frontage and unmatched convenience with over 1 million square feet of retail space at its doorstep.
Mosaic at the Forum
252 Units
3100 Champion Ring Road
Fort Myers, FL  33905
Type: Conventional
Closed: 11/5/2018
Cushman & Wakefield, as exclusive marketing advisor, is pleased to offer for sale, 255 NE 1st St (the “Property”); a covered-land or existing income opportunity located in the heart of downtown Miami, surrounded by more than 6M sf of Class A & B office product, over 40,000 residential units, and 9.2M sf of retail.The offering is a 7-story, 257,712-sf parking facility with 756 spaces that is just steps from the Miami-Dade County and Federal courthouses, Bayside Marketplace, Bayfront and Museum Parks, the $4+ billion mixed-use development Miami Worldcenter and the brand-new MiamiCentral development. A Miami Metromover stop is adjacent to the site, conveniently connecting parkers and residents with access to all of South Florida. The Property’s zoning of T6-80-O, the most intensive zoning designation in Miami’s urban core, allows for the development of a multitude of uses including high-rise residential, hospitality, office and retail.
255 NE 1st Street
255 NE 1st Street
Miami, FL  33132
Closed: 10/23/2018

Cushman & Wakefield, as exclusive advisor, is pleased to present an exceptional investment opportunity to acquire Luzano – a 404 unit, Class A, trophy residential asset located within Pompano Beach, Florida. This brand new asset is being offered for the first time by its developer, nationally recognized ZOM Living. The central Broward County location is a magnet for employees working in Boca Raton, Cypress Creek, Plantation/Sunrise, and downtown Fort Lauderdale. Located just east of the Florida’s Turnpike on Atlantic Boulevard, the property boasts excellent visibility and connectivity to all of the major cities in South Florida. Luzano represents the newest generation of apartments with best-in-class amenities and finishes. Located in the path of growth, the area will continue to see trending demographics as evidenced by the adjacent land which includes a single family community with 150 homes, a 210 unit apartment community, and a $20 million sports park.

404 Units
100 NW 33rd Terrace
Pompano Beach, FL  33069
Closed: 10/23/2018
Cushman & Wakefield, as exclusive advisor, is pleased to present a multifamily investment opportunity to acquire The Canopy Apartment Villas, a value-add residential asset located in Orlando, Florida. Canopy Apartment Villas offers unique single-story villas and townhomes with some of the largest floorplans in the submarket. Built in 1981, the property underwent extensive capital improvements in 2008 with the replacement of the property’s roofs, windows and siding, ultimately reducing the effective age.
Canopy Apartment Villas
296 Units
5762 Folkstone Lane
Orlando, FL  32822
Closed: 10/12/2018
Cushman & Wakefield is pleased to present a multifamily investment opportunity to acquire Deerwood Village, a 328-unit garden investment opportunity located in Ocala, Florida. The property is comprised of 40 two-story residential buildings featuring a big-house design with a large average unit size of 1,015 square feet. Current ownership has spent over $5.0 million on capital improvements since 2015, including fully renovating approximately 50% of the units as well as renovating the clubhouse, expanding the fitness center, updating the poolside amenities, new exterior paint and upgraded landscaping.
Deerwood Village
328 Units
1850 SE 18th Avenue
Ocala, FL  34471
Closed: 10/9/2018
Cushman & Wakefield, as exclusive advisor, is pleased to present a multifamily investment opportunity to acquire The Place at Dania Beach (the “Property”) – a new construction, luxury midrise apartment development of 144 homes and 6,771 square feet of retail located on Dania Beach Boulevard just east of Federal Highway/US-1 in Dania Beach, Florida.The property is comprised of one seven-story building with a rooftop pool and amenity deck with units averaging 890 square feet and is serviced by a parking garage.

The Place at Dania Beach’s location is well connected via its walkable amenities and proximity to major employers. The Property’s Walkscore of 84 is substantiated by its proximity to a number of retailers and restaurants, Bravo Supermarket (opening soon), Publix Supermarket, The Casino at Dania Beach (recently completed a $64 million renovation), Frost Park, and Dania Beach Ocean Park along the Atlantic Ocean. Regarding major employers, in 20 minutes or less, The Place at Dania Beach is connected to over 500,000 jobs in submarkets such as Sunrise/Plantation, Aventura, and Fort Lauderdale through Cypress Creek. Notably, the Design Center of the Americas (home to, Fort Lauderdale International Airport, Port Everglades, and downtown Fort Lauderdale are exceptional demand drivers for the Property and can be reached in under 10 minutes.

The Place at Dania Beach
144 Units
180 East Dania Beach Boulevard
Dania Beach, FL  33004
Closed: 10/1/2018

Cushman & Wakefield, as exclusive advisor, is pleased to present a multifamily investment opportunity to acquire The Atlantic Delray (the "Property") - an increasingly scarce, new construction, luxury garden apartment development of 346 homes in the highly desired community of Delray Beach, Florida. The property is comprised of thirteen three-story buildings and two two-story buildings with walk-up units averaging 1,048 square feet that are serviced by surface parking, attached garages, and detached garages. The Atlantic Delray is located in emerging West Delray, just north of Atlantic Avenue and west of Military Trail. The community is minutes from millions of square feet of high-paying jobs in Boca Raton and Downtown Delray Beach - the heart of the Palm Beach social scene. With its central location within Palm Beach County, Delray Beach has become one of South Florida's most dynamic live and work environments. The property opened in May 2017 and has quickly moved through the lease-up process in part due to its market-leading luxury finishes and unmatched amenity offering and a rare low-density setting of 11 units per acre.

Please contact a Cushman & Wakefield professional for more information.

The Atlantic Delray
346 Units
14050 Pacific Pointe Place
Delray Beach, FL  33484
Closed: 9/27/2018

Cushman & Wakefield, as exclusive advisor, is pleased to present an urban infill investment opportunity to acquire JOYA – a premier transit-oriented, 431-apartment home, 12-story asset located in Miami, Florida. With thoughtful unit layouts in a mix of flats and two-story townhomes, JOYA offers the largest floor plans in the market with an average unit size of 1,105 square feet. The property opened in February 2016 setting the standard for luxury apartment living while offering the most expansive amenities compared to its competitive set. Located within Dadeland, JOYA is less than five minutes from 1.5 million square feet of office and over 2 million square feet of retail. JOYA is also walkable to the Metrorail providing access to the other main employment corridors of Coral Gables, Downtown Miami and Miami’s Health District. Developed by nationally recognized Wood Partners, JOYA’s design elements and presence will stand the test of time.

431 Units
8150 SW 72nd Avenue
Miami, FL  33143
Closed: 9/11/2018