Cushman & Wakefield has been exclusively engaged to arrange the sale of the Owner’s 100 percent fee simple interest in the 31-acre parcel at 1799 North Williamson Boulevard (the "Property"), an unimproved, residential development site located in Daytona Beach, Florida, with convenient access to Interstate 95 and immediate proximity to a large healthcare & education employment base..

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1799 Williamson
31 Acres
1799 Williamson Boulevard
Daytona Beach, FL  32117
Type:  Land

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 288-unit value-add offering, Canopy Creek, located in Jacksonvile, Florida.

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Canopy Creek (Kabana Creek)
288 Units
11291 Harts Road
Jacksonville, FL  32218
Type:  Multifamily
Closed: 12/29/2021
Cushman & Wakefield is pleased to present Jacob Apartments, an excellent value-add investment opportunity featuring - 20 oversized apartment units consisting of 12 two-and 8 three bedroom units averaging 1,180 square feet. The area immediately surrounding the property has excellent demographics. Average income in a one mile radius is $80,000, using 25% of income attributable to rent the demographics the immediate support rents of almost $1,700. Nearby public schools are among the best in Broward County which makes the unit mix even more desirable for potential renters.
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Jacob Apartments
20 Units
10120 NW 36th Street
Coral Springs, FL  33065
Closed: 10/15/2020

Cushman & Wakefield is pleased to present the opportunity to acquire Lakeshore Heights - a 160-unit, three-story, garden-style apartment community located in Tallahassee, Florida (the "Property"). Completed in 2000, the Property went through a major renovation in 2019 that converted and upgraded many of the four-bedroom units to studio, one and two-bedroom units. Thirty-two four-bedroom units remain, demonstrating the possibilities for new ownership to complete the renovations. Lakeshore Heights offers residents immediate proximity to retail and dining options, as well as Interstate 10, providing East-West access from Jacksonville to Pensacola. Florida State University, Tallahassee Memorial Hospital, and the Tallahassee International Airport are all within 15 minutes from the Property.

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Lakeshore Heights
160 Units
1375 Pullen Road
Tallahassee, FL  32303
Closed: 12/30/2021

Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire Moda North Bay Village (the “Property”) – an iconic 8-story midrise located on 4.5 acres on the northernmost point of the North Bay Village islands in Miami Beach and overlooking Biscayne Bay. The property was developed in 2015 by ZOM and comprises 285 luxury apartment homes with an average unit size of just over 1,000 square feet. The property has 1,400 feet of water frontage providing water views for 100% of the units, as well as water access via the marina on the property. A variety of amenities are available to residents including two pools, access to kayaks and paddleboards, and boat/jet ski dockage. Moda is also the newest of four market-rate apartment communities in Miami-Dade to offer an onsite marina. Residents can enjoy ease of commute to downtown Miami/Brickell and Aventura which provide a mix of employment, retail and nightlife. Moda is also less than three miles from the pristine beaches of Miami.

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Moda North Bay Village
285 Units
8000 West Drive
North Bay Village, FL  33141
Closed: 12/8/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present Mount Vernon & Williamsburg Village, a 230-unit two-property multifamily opportunity located in Gainesville, FL.

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Mount Vernon & Williamsburg Village (2 properties, 230 units)
Mount Vernon
102 Units
2370 SW Archer RD
Gainesville, FL  32608
Closed: 12/22/2021
Ocean Bay is a 20-unit turnkey waterfront community on Miami Beach. The property has been fully renovated with over $950K in improvements, including: new impact windows, new electrical and plumbing, new roof, new stucco/waterproofing and paint, new railings and entry gate, new a/c units, new kitchen cabinetry with marble tile backsplash and granite countertops, all new appliances, updated bathrooms with bathtubs and vanity cabinets, and new community washers/dryers. Ocean Bay features new outdoor amenities including a new courtyard with seating, outdoor BBQ area and picnic tables overlooking the Tatum Waterway. The property is available below the replacement cost to acquire and renovate comparable properties in the immediate area.
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Ocean Bay
20 Units
8260 Byron Avenue
Miami Beach, FL  33141
Closed: 7/16/2021

Cushman & Wakefield, as exclusive advisor, is pleased to present Ocean House – the largest garden style multifamily community on Miami Beach. Ocean House is situated on over four-acres with over 750 feet of direct water frontage and totals 186 units in 23 two-story buildings. The property offers a favorable unit mix with 72% of units two or three bedrooms. The property is 97% occupied with exceptional strong collections during COVID-19.

In the past few years ownership has spent over $13 million in renovating the property. All units have been upgraded to one of two finish levels. 96 of the 186 units (±50%) have been upgraded to a “gold standard”. The other 90 units (±50%) have been upgraded to a platinum standard. Platinum units are renting $115 higher per unit per month.

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Ocean House Nobe
186 Units
7750 Tatum Waterway Drive
Miami Beach, FL
Closed: 8/31/2021

Cushman & Wakefield as exclusive marketing advisor, is pleased to present the opportunity to acquire Olive Glen 154 out of 276 units in Pompano Beach. Built in 1979, the property is situated on +/- 20 acres just west of I-95 and walking distance to the Pompano Beach Tri-Rail Station.

The 154-units include 5 studios; 90 one bedrooms and 59 two bedroom units. Of the 154 units 104 are located in two story garden units and 50 are located in one-story, villa fourplexes. The units are 100% occupied with almost $1.9 million in current effective income. The units offer significant upside potential. The average in place rent is $984 per unit. Improved surrounding communities such as Pompano Palms and Windsor Forest are achieving rents of $200-$300 higher per month. The Condo Association has over $450,000 in reserves. The owner of the 154-units has 2 out of the 3 Condo Association board seats that can be transferred to a new owner.

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Olive Glen
154 Units
3102 NW 3rd Avenue
Pompano Beach, FL  33064

Cushman & Wakefield is pleased to present the opportunity to acquire Parkside at East Village, a Class A, 282-unit, three-story, garden-style apartment community located in Lady Lake, Florida.

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Parkside at East Village
282 Units
13765 NE 136th Loop Road
Lady Lake, FL  32159
Closed: 8/4/2021

Cushman & Wakefield is pleased to present the exclusive listing of Sunset Marina, the newest waterfront Class-A rental community in the Florida Keys and the only waterfront multifamily rental in Key West. A shortage of rental supply, limited land and limitations on new residential development make the Florida Keys one of the most supply constrained markets in the U.S. Sunset Marina is ideally situated with over 950 feet of direct water frontage on Stock Island in Key West.

The property features 60 spacious townhome units that average 800 square feet. All units are two bedroom/two bathrooms. The property is 100% occupied with average market rents of $3,084 per unit. The property includes 23 market rate units and 37 workforce units. The majority (30 out of 37 units of the workforce units) allow to be rented at 140% of AMI as of today which equates to $3,206 per unit. Adjacent to the property is Sunset Marina a 165-slip marina which is not part of the offering. Out of 60 units, the 52 (87%) have direct water frontage whereas the remaining 8 units have partial water views.

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Sunset Marina
60 Units
5555 College Road
Key West, FL  33040
Closed: 5/9/2022

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 78-unit value-add multifamily offering, Sunwood Village Apartments, located in Leesburg, Florida.

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Sunwood Village
78 Units
39 Herald Drive
Leesburg, FL  34748
Closed: 5/26/2021

Cushman & Wakefield has been exclusively engaged to arrange the sale The Cottages of Wildwood, a fully entitled and shovel ready, 9.98-acre, build-to-rent ("BTR") development site (the "Property"). The Property is zoned R-3, Medium Density Residential and current plans propose a 71-unit BTR apartment complex, consisting of one- and two-story detached cottages and townhouse-style residential buildings, a single-story clubhouse and pool, dog park, as well as two 5-car detached garage buildings and a maintenance building.

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The Cottages of Wildwood
71 Units
5092 NE 81st Boulevard (this address is a SF home)
Wildwood, FL  34785
Cushman & Wakefield, as exclusive marketing advisor, is pleased to present The Whittier, a 19-unit unique waterfront opportunity located at 4035 North Meridian Avenue in Miami Beach. The units average 721 square feet and are currently 100% occupied. The property is owned by an investor out of the country and managed with a third party company. A new owner has the ability to improve the operational performance at the property with more “hands on” management. Comparable properties are renting for $150 per unit higher than in-place rents.
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The Whittier
19 Units
4035 North Meridian Avenue
Miami Beach, FL  33140
Closed: 7/21/2020
Cushman & Wakefield as exclusive marketing advisor, is pleased to present the opportunity to acquire Valencia South Miami, 70 out of 301 Class A condominium units footsteps from South Miami Hospital, University of Miami, Metro-Rail, and Dadeland. Built in 2004, Valencia South Miami is a 6-story building with a structured parking garage, luxury amenities, and large floor plans that average 1,054 square feet. The 70 units are 100% occupied with $2,380 average market rents. The property is strategically located adjacent to the Metrorail Station of South Miami, only a block away from the 453-bed Baptist South Miami Hospital and a mere 0.2 miles away from Sunset Place, South Miami’s largest shopping mall. Within a 2-mile radius around the property there are 5.4M square feet of retail and 4.4M square feet of office space. Dadeland Mall, a 1.5M square feet mall is located 1.4 miles southwest of the property, in the heart of downtown Kendall, an office market with over 1.5M square feet of Class A office space. The mall is only two Metrorail stops away. Valencia South Miami is one Metrorail stop from the University of Miami campus. The university has a total enrollment of almost 17,000 with approximately 75% living off campus. It also has more than 13,000 full and part-time faculty and staff.
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Valencia South Miami
70 Units
6001 SW 70th Street
Miami, FL  33143
Type:  Multifamily
Closed: 9/15/2022
Cushman & Wakefield is pleased to offer 77+ gross acres zoned to permit up to 400 townhomes and 106,000+ square feet of service-ready/commercial uses. Part of the state-of-the-art Connected City master planned community, the property is immediately adjacent to Epperson, a rapidly expanding residential development best known for its 7-acre crystal lagoon and desirable, single family communities.
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Wesley Chapel Land
77 Acres
North side of Elam Road
Wesley Chapel, FL  33545
Type:  Land
Closed: 4/21/2022

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present Mount Vernon & Williamsburg Village, a 230-unit two-property multifamily opportunity located in Gainesville, FL.

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Mount Vernon & Williamsburg Village (2 properties, 230 units)
Williamsburg Village
128 Units
2000 SW 16th Street
Gainesville, FL  32608
Type:  Multifamily
Closed: 12/22/2021

Cushman & Wakefield, as exclusive advisor, is pleased to present 1200 Marseille, a value-add multifamily opportunity on Miami Beach. The property consists of two buildings. The unit mix is excellent for the location consisting of four 1BR/1BA units and eight 2BR/2BA units with an average unit size of 973 square feet.

The immediate area surrounding the property is poised for significant investment and improvement. The Miami Beach Commission unanimously approved a master plan for the city’s North Beach neighborhood, which stretches from 63rd to 87th Street. The master plan will include a North Beach Town Center and is likely to revitalize the area with hundreds of millions of dollars of new developments and neighborhood improvements.

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1200 Marseille
12 Units
1200 Marseille
Miami Beach, FL  33141
Closed: 4/9/2021

Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire LaVida Apartments at Blue Lagoon (the “Property”) - a Class-AAA, 272-apartment-home, luxury midrise residential community located in Miami, Florida. The property is strategically located just minutes south of Miami International Airport at the key intersection of the Dolphin and Palmetto Expressways. Situated at the perimeter of Waterford Business District - the 250-acre Class “A” office park, LaVida provides a true live-work opportunity to over 12,000 campus employees.

LaVida Apartments at Blue Lagoon is being offered for the first time by its developers, Pinnacle and Ascend Properties, and presents a rare opportunity to acquire a new construction, stabilized Miami-Dade luxury apartment community within the picturesque Blue Lagoon neighborhood of Central Miami.

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LaVida
272 Units
6600 NW 7th Street
Miami, FL  33126
Closed: 9/15/2021

Cushman & Wakefield, as exclusive marketing advisor, is pleased to present the opportunity to acquire 100% interest in Marina Del Rey, a 108-unit waterfront value-add opportunity located in Miami Beach, Florida. The property offers over 400 feet on the water with a private boardwalk providing expansive Biscayne Bay views.

None of the units have been upgraded, allowing a new owner tremendous revenue upside with a comprehensive value-add program. Nearby renovated properties are commanding rent premiums providing a future buyer with rent upside of over $350 per unit. For example, the property next door to Marina Del Rey has been renovated with one and two bedrooms rent of $1,650 and $2,300. The current market rents for one and two bedrooms at Marina Del Rey are $1,250 and $1,660 respectively, providing a clear and compelling value add strategy for a new buyer.

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Marina Del Rey
108 Units
1006 Bay Drive
Miami Beach, FL  33141
Closed: 5/27/2021

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 152-unit value-add multifamily offering, Pickwick Apartments, located in Jacksonville, Florida.

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Pickwick Apartments
152 Units
3580 Pall Mall Drive
Jacksonville, FL  32257
Type:  Multifamily
Closed: 4/22/2021
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

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 Worthington Court, a 152-unit value-add garden community in New Port Richey, Florida. Completed in 1985, the property sits on over 13 acres, providing a low density setting of only 11 units per acre. Worthington Court's location within New Port Richey is ideally located and central to some of the largest metros in Florida including Orlando, Tampa and Pasco County. The property has frontage with over 42,000 VPD and minutes from major retail, Medical Center of Trinity, and the Veteran’s Expressway providing a 30-minute commute to Tampa.

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Worthington Court
152 Units
7541 Highwater Drive
New Port Richey, FL  34655
Closed: 11/24/2020