Verge is a brand new, Best in Class apartment community located in Greenwood, one of Indiana’s vibrant southern suburbs. Boasting the city’s highest rent growth percentage in 2020, the south side provides excellent stability and the expectation of continued positive momentum.
Verge Luxury Flats is hands down the finest community in Greenwood. The units offer the highest end finishes available and include granite countertops, upscale cabinetry with high gauge hardware, tile backsplash, a deep under-mount stainless-steel sink, stainless steel appliances and vinyl plank flooring throughout except in the bedrooms The amenities at Verge exceed any of its peers. The beautiful clubhouse offers a 1,500 SF of dedicated fitness space with full circuit equipment, class on-demand technology and cardio machines. Other amenities include a game room, a beautiful pool with fountains and built-in seating, cabanas, a large hot tub, an outdoor kitchen and seating around a fire feature.
The Verge location, just to the south of high-traffic County Line Road, gives excellent access to everything the south side and has to offer. The community is within minutes of the area’s best dining, entertainment and shopping and numerous major employment centers.
Cushman & Wakefield, as exclusive marketing advisor, is pleased to present the opportunity to acquire the interest in Gatehouse on the Green, a 312-unit asset located in Plantation, Florida. Considered the premier central Broward location, the property was built in 1991 with 9’ ceilings and vaulted ceilings on top floors. None of the units have been upgraded, allowing a new owner tremendous revenue upside with a comprehensive value-add program. The performance of the property has remained consistent through 2020 with strong occupancy and collections. Given its ideal location, the property has excellent access to the major employment markets and retail dynamics in the immediate area. Gatehouse on the Green represents the opportunity to acquire the ultimate value-add opportunity in a thriving, high demand market.
The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the exclusive listing of the 189-unit Orlando on the Lake apartment community located in Orlando, Florida. Built in 1974, Orlando on the Lake offers an outstanding value-add opportunity that would result in the ability to raise effective rents $152 and earn a 8% return-on- investment after implementation of the proposed value-add plan.
The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 58-unit value-add apartment community, Southern Villas, located in Daytona Beach, Florida.
The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 105-unit bulk condominium offering, Whisper Oaks Villas, located in Daytona Beach, Florida.
Creekside South is being offered for sale for the first time ever by the original owner/developer. The property is very well maintained, and substantial capital improvements have been made by the current owner including new roofs, HVAC systems, balconies and more. While well cared for and maintained, Creekside South offers largely original interior finishes. The property is a blank slate in terms of upgrade potential. With ample interior common area space in the clubhouse and open green space throughout the property, additional amenities can easily be added. Current rents at Creekside South trail the surrounding competition by as much as $300 per month. In addition to raising rents and upgrading units, other income can be grown by increasing the water/sewer recovery and providing washer/dryer machines to residents.
Located directly on Stop 11 Road on Indy’s Southside, Creekside South benefits from excellent visibility and ample drive-by traffic. In 2020, the Indianapolis south submarket maintained 95%+ average occupancy and rents grew by 4.7%. Residents of Creekside South enjoy easy access to downtown Indianapolis, Greenwood and plentiful nearby employment.
Creekside South has a long history of maintaining mid 90%'s occupancy. Rental revenue has grown by more than 5% in T-12 vs 2019. The property is being offered for sale on a free and clear basis and will qualify for the most attractive new debt.
The Cushman & Wakefield Midwest Multifamily Advisory Group is pleased to present the exclusive listing of Union Green, a 172-unit, 2019-built apartment community located in high growth and affluent Brownsburg, IN.
Union Green is a brand new, Class A mixed-use apartment community located in one of Indiana’s hottest and most affluent submarkets. Hendricks County is among the country’s fastest-growing and offers residents an exceptionally high quality of life. Union Green is part of a recent $80M+ development corridor in downtown Brownsburg including residential, office (+co-working) and retail in a newly minted walkable, urban setting. Amenities at Union Green are best in class, with no equal among the submarket competition.
Rush on Main (Chicago-Inspired Eatery) occupies the approximately 3,908sf of the +/-14,000sf of retail. With a high level of interest from the retail community, lease-up of the remaining space is imminent.
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Cushman & Wakefield, as exclusive advisor, is pleased to present Swan Lake Apartments, a 640-unit value-add multifamily community in Tampa, Florida.