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Palm Islands
402 Units
401 NW 34th Street
Pompano Beach, FL  33064
Type: Conventional
Closed: 3/30/2018
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The Boutique
43 Units
8000 NE Bayshore Court
Miami, FL  33138
Type: Conventional
Closed: 3/19/2018

Cushman & Wakefield, as exclusive marketing advisor, is pleased to present The House Residence at 250 Collins, 27 fully renovated residences located at 250 Collins Avenue in the heart of South Beach. The property allows for multiple investment strategies including hotel, apartments, short-term rentals, condo-conversion and condo hotel. The property has just completed a multi-year renovation which offers ultra high-end finishes including custom kitchens with quartz counters, high-end white lacquered cabinets and Miele appliance packages. Added into the redesign are a third floor glass penthouse level and a fourth floor roof top pool and sun deck. This truly is a turnkey, high-end boutique residence that does not exist South of 5th on Miami Beach.

The property provides spacious units averaging 702 square feet including 16 1bd/ba; 8 2bd/2ba; and 3bd/2ba units. 250 Collins is located in SOFI (South of Fifth) neighborhood, which is considered the most desirable in South Beach.

The property will be offered branded as The House Residence, a well-established international hospitality brand of hotels and residences. The brand translates into access to repeat Miami visitors from Europe and the Middle East as well as The House Collection’s international database of 40,000+ contacts. While the property is offered as a branded House Residence, if a purchaser has alternative plans for the property, this can be easily facilitated.

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250 Collins / Moravia
28 Units
250 Collins
Miami Beach, FL  33139
Closed: 3/12/2018
Cushman & Wakefield, as exclusive advisor, is pleased to present an exceptional investment opportunity to acquire The Queue Apartments (the "Property") - a 191-unit. Class-A, trophy residential asset located in downtown Fort Lauderdale, Florida. This brand new asset is being offered for the first time by its developer. The Queue uniquely provides residents a combination of luxury finishes and amenities, walkability, and connectivity to downtown and I-95. Attractive total monthly rents are below its competitive set while being centered in the rapidly growing "South of the River" downtown Fort Lauderdale neighborhood.
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Queue Apartments
191 Units
817 SE 2nd Avenue
Fort Lauderdale, FL  33316
Closed: 2/21/2018

Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire Murano at Grande Lakes (the Property). Murano is an iconic suburban residential mid-rise located in South Orlando, just south of the Beachline Expressway directly across John Young Parkway from Darden Restaurants 650,000 corporate Headquarters, and just north of the 500-room Ritz Carlton and 1,000-room, JW Marriott. It is strategically located between Orlando’s International Drive Tourist Corridor and the Orlando International Airport.

Murano is where luxury living meets a premier Orlando location. This coveted and irreplaceable four-story, surfaced parked asset opened in April 2016 and comprises 240 luxury apartment homes and 434 parking spaces. Upgraded finishes and resort-style amenities blend modern living with all the traditions of home.

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Murano
240 Units
9932 Grande Lakes Blvd
Orlando, FL  32837
Type: Conventional
Closed: 2/20/2018
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850 Boca
370 Units
850 Broken Sound Parkway
Boca Raton, FL  33487
Type: Conventional
Closed: 12/21/2017
Parc Station is a recently completed, 336-unit, trophy residential asset located in East Hollywood, Florida. The property meets the Bronze level of the National Green Building Standard. Parc Station represents the first three-story, suburban Transit Oriented Development (TOD) to be built and marketed in the current development cycle. The property offers residents walk-on/walk-off access to South Florida’s expanding Tri-Rail. With 42% of residents working in Miami-Dade and a new link to downtown Miami coming online in 1Q 2018, the railway will improve connectivity for residents and establish the community as a true rental alternative to downtown Miami’s high rent apartments. The property has exposure to I-95 with over 244,000 cars passing daily. With its convenient highway access, residents who chose to drive have expanded connectivity throughout the region. The strength of the area is evident by Kimco’s commitment on the $1 billion Dania Pointe mixed-use development project currently underway. The property received its final CO in December 2016 and is finalizing its lease-up with average household incomes over $94,000.
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Parc Station
336 Units
2300 N. 29th Avenue
Hollywood, FL  33020
Closed: 12/11/2017
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Amaray Las Olas
254 Units
215 SE 8th Avenue
Fort Lauderdale, FL  33301
Type: Conventional
Closed: 6/6/2017
The Haven at West Melbourne is a 336-unit, Class A, multifamily community located in Brevard County. The Haven offers convenient access to Interstate 95 and U.S. Highway 1, which makes the area readily accessible to virtually all of Florida including Orlando’s largest employers and the award-winning Space Coast beaches.
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The Haven at West Melbourne
336 Units
4550 Explorer Drive
West Melbourne, FL  32904
Closed: 5/18/2017
The Cushman & Wakefield Multifamily Advisory Group is pleased to present 925-965 Marseille Drive, a renovated apartment rental on Normandy Isle in Miami Beach. The property recently completed a renovation including exterior upgrades such as enhanced landscaping, hurricane-impact windows and new gate as well as interior upgrades including ceramic tiled floor, new kitchen cabinets and countertops, updated air conditioners and updated bathroom vanities and tile. The 27 units are all one bedroom units averaging 700 square feet. Although the property is offered on an individual basis, there is an opportunity to acquire a total of 76-units in the immediate area surrounding the property, a very rare critical mass opportunity for North Beach.
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925-965 Marseille Drive
27 Units
925-965 Marseille Drive
Miami Beach, FL  33141
Type: Conventional
Cushman & Wakefield, as exclusive marketing advisor, is pleased to present the opportunity to develop Aventura Crossing (the “Site”): a 2.04-acre residential development project located immediately across from the Aventura Mall in the prestigious Aventura submarket. Aventura Crossing offers developers the chance to construct up to 387 units (90 residential units per acre) in an up to 12-story configuration, located in the heart of the affluent Biscayne Corridor — surrounded by Aventura, Bal Harbour and Sunny Isles Beach.
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Aventura Crossing
   
19301 W Dixie Hwy
Miami, FL  33180

The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of 78 out of 252 condominium units at Caribbean Isle Villas located in Homestead, Miami-Dade, FL. Built in 2007, the units are 100% occupied and are available significantly below replacement cost. The units are generating over $1 million in current income. The HOA is well managed and fully funded with over $340,000 in reserves. Comparable condominium sales in the area range between $112,000 to $187,000 or $86 to $141 per square foot. The property and units are extremely well maintained. The units are spacious averaging almost 1,100 square feet, consisting of 52 2BD/2BA averaging 1,048 square feet and 26 are 3BD/2BA averaging almost 1,200 square feet.

  • Planned transit expansion will connect Caribbean Isles to Miami International Airport, Downtown Miami, Wynwood and more. Click here for the article.

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Caribbean Isles
78 Units
2700 PACIFIC BOULEVARD NE
Homestead, FL  33033
Type: Condo

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, as exclusive advisor, is pleased to present an exceptional investment opportunity to acquire Royal Oaks Townhomes (the “Property”) – a 69-unit, luxury townhome community located in Hollywood, Florida. Completed in 2009, Royal Oaks offers the rare opportunity to acquire a boutique, luxury townhome community without any HOA obligations. The property is 97% occupied and offers oversized three-bedroom, two and one-half bathroom floor plans with 1,695 square feet of living space in two levels (excluding garage space). All of the residences include a private direct access garage, terraces and balconies accented by decorative wrought iron railings, and a semi private back yard. Market rents are $2,490 or $2,061,000 per year.

Royal Oaks Townhomes was originally designed as a “for sale” townhome community but no units were ever sold and the community has been operated as a luxury rental since it was completed. All interiors are luxuriously appointed with features and finishes one would expect to find in high end custom homes. Tenants within Royal Oaks average over $90,000 in household income, which is over three times the market rent. The property is adjacent to Emerald Hills which has homes selling for as high as $3 Million.

Royal Oaks Townhomes is located on the south side of Stirling Road approximately half mile west of Interstate 95 and about three miles east of the Florida’s Turnpike. In addition the property is equally 1 mile from South Florida’s expanding Tri-Rail two stations, Fort Lauderdale Airport Station to the north and Sheridan Station to the South. With a new link to downtown Miami coming online later in 2019, the railway will improve connectivity for residents and establish the community as a true rental alternative to downtown Miami’s high rent apartments.

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Royal Oaks
230 Units
3200 Stirling Road
Hollywood, FL  33021
Cushman & Wakefield is pleased to present the exclusive listing of the SOBE 322, the largest portfolio of units ever offered in the South Beach area of Miami Beach. The portfolio totals 322 units in 23 properties located between 7th and 16th Streets in the heart of South Beach.

This generational investment opportunity will instantly make a new owner one of the largest multifamily owners on South Beach, which is one of the most supply constrained markets in the U.S. The portfolio offers immediate upside through improved management and leasing as well as value-add potential on most buildings. In the past four years $6.9 million has been spent on improving the properties, including the gut renovations of 1600-1606 West Avenue and 1567 Meridian (61 units) – the remaining 261 units have the potential to increase income with value-add improvements focused on interior upgrades.

Please view additional photos by clicking on the Photos Link tab below.

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SOBE 322 Portfolio
322 Units
23 properties between 7th and 16th Streets in South Beach.
Miami, FL
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.

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Doral View & Town Fontainebleau Lakes (2 properties, 720 units)
Town Fontainebleau Lakes
360 Units
1062 NW 87th Avenue
Miami, FL  33172

Cushman & Wakefield, as exclusive advisor, is please to present the Victoria Park Townhome development site. The 40,500 square foot site is located ½ block south of Sunrise Boulevard in the highly desirable Victoria Park neighborhood of Ft Lauderdale. The site has preliminary drawings for an 18-townhome development totaling 45,840 sellable square feet or 2,547 sellable square feet per townhome. The zoning is RMM-25 which allows for residential multifamily midrise development of no more than 35 feet high. The max density is 25 units per acre- hence 23 units are allowable. The proposed townhomes feature 3 stories with elevators for an average townhome size of 2,547 SF.

The site currently has four duplexes, One Single Family Residence, and One Triplex that generate $172,000 in yearly gross income and $78,000 in expenses providing $94,000 in net operating income. The last lease expires January 2020.

Utilities and Services: all necessary utilities and public services including water, sewer, electricity and telephone are available in adequate capacity to support development on the site.

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Victoria Park Townhomes Development Site
   
917 NE 21 Terrace
Fort Lauderdale, FL  33301
Type: Land