The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 108-unit Tealwood Parke Apartments community located in Winter Park, Florida.

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Tealwood Parke
108 Units
4704 Lucier Court
Winter Park, FL  32792
Type:  Multifamily
Closed: 11/19/2020
Property is Located in a Designated Opportunity Zone With Tax Benefits

Cushman & Wakefield, as exclusive advisor, is pleased to present The Park at Via Roma, a 288-unit value-add multifamily community in Daytona Beach, Florida which has received over $2.8 million in recent capital improvements.

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The Park At Via Roma
288 Units
875 Derbyshire Road
Daytona Beach, FL  32117
Closed: 11/12/2020
Property is Located in a Designated Opportunity Zone With Tax Benefits

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 407-unit bulk condominium offering in Tzadik Oaks located in Tampa, Florida.

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Tzadik Oaks
407 Units
1250 E. 113th Avenue
Tampa, FL  33612
Closed: 8/17/2020

Cushman & Wakefield, as exclusive advisor, is pleased to present Woodland Key Apartments, a 416-unit value-add multifamily community in Clearwater, Florida.

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Woodland Key
416 Units
2770 Roosevelt Blvd
Clearwater, FL  33760
Closed: 7/17/2020

Cushman & Wakefield, as exclusive advisor, is pleased to present Southern Cove Apartments, a 180-unit value-add garden community in Temple Terrace, Florida. Completed in 1974, the property sits on over 9 acres, providing a density setting of only 19.67 units per acre. Southern Cove’s location within Temple Terrace is ideally located at the center of a $1.5 billion redevelopment project created by the Tampa Innovation Alliance. The property is also centrally located within minutes from critical thoroughfares I-75 and I-275 allowing quick access to downtown Tampa, the Westshore Business District and Tampa International Airport

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Southern Cove
180 Units
8741 Grove Terrace
Temple Terrace, FL  33617
Closed: 3/17/2020

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Silver Lake Multifamily Development Site located in Leesburg, Florida. The asset is situated in the desirable area of the Orlando-Kisimmee-Sanford MSA. Silver Lake Multifamily Development Site is an expansive 46.5 acres and is an approved PUD allowing for up to 256 buildable units. The site also has a rare and attractive 27-acre man made lake stocked with fish.

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Silver Lake Multifamily Development Site
46.5 Acres
Arbour Lake Drive
Leesburg, FL  34788
Type:  Land
Closed: 3/5/2020

Cushman & Wakefield, as exclusive advisor, is pleased to present The Park at Cortona, a 220-unit value-add multifamily asset located in Lakeland, Florida. Constructed in 1989, the lakefront property features 3-story walk-up buildings with 8-foot ceilings on the first and second floors and vaulted ceilings on the top floors, and an average unit size of 794 square feet. The Park at Cortona has been well-maintained with over $2.3 million in recent capital improvements by the seller and represents a tremendous opportunity for increased cash flow generated through the continuation of an in-unit renovation program. Additional enhancement potential can be realized through development of the 9.16-acre Phase II land planned for 160 additional units.

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Park at Cortona
220 Units
5233 US 98 N
Lakeland, FL  33809
Closed: 3/3/2020

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to announce the opportunity to acquire the 275-unit value-add apartment community located in Daytona Beach, Florida - Ridgecrest Park. Built in 1967, Ridgecrest Park offers an outstanding value-add opportunity to capitalize on a well-maintained community with 45 year ownership in a class "B" location with ability to raise rents over $272 through interior and common area renovation enhancements.

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Ridgecrest Park
275 Units
1400 South Nova Road
Daytona Beach, FL  32114
Type:  Multifamily
Closed: 1/9/2020
Property is Located in a Designated Opportunity Zone With Tax Benefits

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the listing of the 56-unit Spanish Villas apartment community located in South Daytona, Florida. Spanish Villas offer a Value-Add opportunity to renovate 100% of the units, raise effective rents $173/unit, and earn a 17% return-on-investment after implementation of the proposed renovation plan.

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Spanish Villas
56 Units
1648 S. Palmetto Avenue
South Daytona, FL  32119
Type:  Multifamily
Closed: 12/10/2019
Cushman & Wakefield’s Florida Multifamily Team, as exclusive marketing representative, is pleased to present The Vue at Belleair, Clearwater’s newest and most exciting luxury rental community. The Vue offers an investor the opportunity to participate at the top tier of one of the strongest submarkets in the Tampa MSA. As of mid-2019, The Vue is completing its initial lease-up and rapidly approaching stabilization. This property enjoys extraordinary highway visibility/access and is positioned just minutes from major employers and neighborhood amenities.
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Vue at Belleair
339 Units
1551 Flournoy Circle West
Clearwater, FL  33764
Type:  Multifamily
Closed: 12/3/2019
Properties May Be Purchased Together or Individuallly

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 136-unit South Tampa Value-Add Multifamily Portfolio located in Tampa, Florida. The portfolio is comprised of the 48-unit Palms at Ballast Point, and the 88-unit Sun Bay Apartments, located about 1/2 mile from each other. The properties have the benefit of being in one of the highest rent growth submarkets in Tampa Bay (6.6% YoY) and have an opportunity to increase effective rents by $239 through implementing our proposed renovation plan on 100% of the units.

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South Tampa Value-Add Portfolio (2 properties, 136 units)
Palms at Ballast Point
48 Units
3729 W. Tyson Avenue
Tampa, FL  33611
Type:  Multifamily
Closed: 11/15/2019
Properties May Be Purchased Together or Individuallly

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 136-unit South Tampa Value-Add Multifamily Portfolio located in Tampa, Florida. The portfolio is comprised of the 48-unit Palms at Ballast Point, and the 88-unit Sun Bay Apartments, located about 1/2 mile from each other. The properties have the benefit of being in one of the highest rent growth submarkets in Tampa Bay (6.6% YoY) and have an opportunity to increase effective rents by $239 through implementing our proposed renovation plan on 100% of the units.

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South Tampa Value-Add Portfolio (2 properties, 136 units)
Sun Bay
88 Units
3730 W Bay Avenue
Tampa, FL  33611
Type:  Multifamily
Closed: 11/15/2019

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 267-unit Lexingotn Apartment Homes community located in Sarasota, Florida.

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The Lexington
267 Units
3510 Cheshire Square
Sarasota, FL  34237
Closed: 11/14/2019

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 120-unit Park Village apartment community located in Orange Park, Florida. The asset is situated in the desirable Orange Park submarket currently experiencing 10.2% YoY rent growth. Built in 1968, Park Village offers an outstanding value-add opportunity that would result in the ability to raise effective rents $281 and earn a 24% return on investment after implementation of the proposed value-add plan.

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Park Village
120 Units
741 Park Avenue
Orange Park, FL  32073
Closed: 10/31/2019

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 140-unit Orlando Sky apartment community located in Orlando, Florida. The asset is situated in the North West Orlando submarket currently experiencing 6.9% YoY rent growth. Built in 1985 & 1986, Orlando Sky offers an outstanding value-add opportunity that would result in the ability to raise effective rents $190 and earn a 19% return on investment after implementation of the proposed value-add plan.

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Orlando Sky
140 Units
4990 North Lane
Orlando, FL  32808
Type:  Multifamily
Closed: 10/8/2019
Property is Located in a Designated Opportunity Zone With Long-Term Hold Tax Benefits

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 120-unit Rosemont Country Club apartment community located in Orlando, Florida. The asset is situated in the Rosemont submarket. Built in 1975, Rosemont Country Club offers an incredible opportunity to raise effective rents at the property $627 through a renovation value-add program and achieve a 24% return-on-investment.

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Rosemont Country Club
120 Units
5528 Cinderlane Parkway
Orlando, FL  32808
Type:  Multifamily
Closed: 9/11/2019

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 137-unit Oak Ridge apartment community located in Largo, Florida. Built in 1974 of concrete block construction, Oak Ridge apartments offers new ownership the unique opportunity to purchase a rare majority Townhome-style community and capitalize on a proven existing renovation plan.

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Oak Ridge
137 Units
13333 Ridge Road
Largo, FL  33778
Closed: 8/20/2019
CALL FOR OFFERS MARCH 6, 2019
Available Individually or in Conjunction with Lakes at North Port

Cushman & Wakefield, as exclusive advisor, is pleased to present The Park at Ashley Place, located in New Port Richey, Florida. The asset is a 143-unit class "B" garden-style apartment community built in 1986 of concrete block construction.

The Park at Ashley Place offers a high impact value-add upside. Based on current market competitive set analysis, a value-add program will allow monthly market rents to be increased by an average of $212 per unit from the current in-place rents.

The community is just over a 30-minute commute to Downtown Tampa, Tampa International Airport, the Westshore Business District, plus only minutes from "A" rated Trinity Hospital and over 24 million square feet of new office and industrial space.

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The Park at Ashley Place
143 Units
4031 Vista Verde Drive
New Port Richey, FL  34655
Closed: 8/8/2019

Cushman & Wakefield, as exclusive advisor, is pleased to present Mezzo of Tampa Palms, a 340-unit value-add multifamily asset located in Tampa, Florida. Constructed in 1992, the property features 3-story walk-up buildings with large units averaging 1,193 square feet. The seller has invested approximately $3.4 million in capital improvements consisting of extensive exterior renovations, amenity enhancements and partial unit upgrades.

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Mezzo of Tampa Palms
340 Units
15210 Amberly Drive
Tampa, FL  33647
Type:  Multifamily
Closed: 8/1/2019

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.

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Sterling Pointe
271 Units
3480 NE 48th Terrace
Ocala, FL  34488
Type:  Multifamily
Closed: 7/31/2019
CALL FOR OFFERS MARCH 6, 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.

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Lakes at North Port
312 Units
1015 Ohana Way
North Port, FL  34289
Type:  Multifamily
Closed: 7/25/2019

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.

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Saddle Cove
132 Units
3010 SW 23rd Terrace
Gainesville, FL  32608
Type:  Multifamily
Closed: 6/20/2019
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.
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Calais Park Lofts
261 Units
5800 Calais Lane
St. Petersburg, FL  33714
Closed: 2/14/2019
Sold
Lakehouse Luxury
125 Units
3003 S Frontage Road
Plant City, FL  33566
Closed: 1/15/2019