Cushman & Wakefield is pleased to present a unique opportunity to purchase a ±2.0 acre, high density multifamily development site in Phoenix's rapidly transforming Central Corridor. This rare site is located along the Valley Metro Ligh Rail, with a station within walking distance of the property.

Phoenix's urgan revival has transformed the Central Corridor into a 24-hour live-work-play environment with new residential and trendy restaurants, coffee houses and bars. The area has been influenced by anchor cultural, educational, research, sports and healthcare institutions, including Arizona State University's downtown campus and the 1.5 billion dollar Phoenix Biomedical Campus.

The opportunity consists of eight parcels with a combined total of ±86,095 square feet of developable land on the northeast corner of Central Avenue and Columbus Avenue. This transit oriented development site is bound by three streets and provides for intense densities and height.

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Central & Columbus Dev Site
1.98 Acres
3617 North Central Avenue
Phoenix, AZ  85012
Type: Land
Closed: 4/12/2018
Property Tours:
  • Tuesday, September 12, 2017
  • Tuesday, September 19, 2017
  • Tuesday, September 26, 2017
  • Tuesday, October 3, 2017

Please contact one of the brokers listed on this page to discuss or schedule a tour.

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 230-unit Villas at West Ridge apartment community located in high-barriers west suburban Atlanta, Douglas County, Georgia. Douglas County is projected to grow by 70% during the next 20 years, a rate more than double that forecast for the Atlanta MSA. Built in 2003 by Davis Development, one of the Southeast’s premier apartment developers, Villas at West Ridge offers proximity to prolific employment centers and proven value-add potential.

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Villas at West Ridge
230 Units
7850 Lee Road
Lithia Springs, GA  30122
Type: Conventional
Closed: 4/12/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 100-unit Sunchase apartment community located in Dougherty County. This asset is strategically-located off Liberty Expressway in Albany, GA. Built in 1997 / 1998, residents of Sunchase enjoy close proximity to several major employers and destination retail. This well positioned asset is poised for significant rent growth through a value-add strategy.
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Sunchase
100 Units
1308 Hobson Street
Albany, GA  31705
Type: Conventional
Closed: 4/10/2018
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Paragon Apartment Homes
216 Units
 
Closed: 4/4/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 504-unit The Crossings at Carmichael apartment community located in Montgomery, AL. This asset is situated in the growing Midtown submarket, offering unmatched access to both Downtown and the booming East Montgomery. Built in 1974, The Crossings at Carmichael is perhaps the most well-located 70’s vintage asset in Montgomery. There is efficiency available given its high unit count and upside to further push rents and occupancy in 2017.
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The Crossings at Carmichael
504 Units
5600 Carmichael Road
Montgomery, AL  36117
Type: Conventional
Closed: 4/3/2018
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Palm Islands
402 Units
 
Closed: 3/30/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 574-unit, 1971-1986 built Reserve at Providence. The property offers a well-located value-add opportunity with economies-of-scale in a premier, high barriers-to-entry submarket with a dwindling supply of Class B properties. The property offers a proven value-add program ($150 - $294 premiums) with 83% of the units remaining (478 units) to be renovated. In addition, further upside remains as value-add competitors and newer competition are averaging rents from $232 to $418 higher than Reserve at Providence.
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Reserve at Providence
574 Units
5931 Providence Road
Charlotte, NC  28226
Type: Conventional
Closed: 3/27/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Myrtle Landing, a 144-unit townhome community in Wilmington, NC. Newly constructed in 2017, the asset is firmly cemented along the path of development in South Wilmington and offers the only low-density, condo-grade townhome community in the MSA. Myrtle Landing is primed to benefit from both pent-up organic rent surges and a market-supported rent runway, offering the unique opportunity to acquire a Class-A asset with substantial rent growth potential. In addition, the property offers investors a legitimate condo conversion exit strategy in a market with exploding population, striking demographics, and a high concentration of wealthy retirees.
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Myrtle Landing
144 Units
7220 Myrtle Grove Road
Wilmington, NC  28409
Type: Conventional
Closed: 3/23/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Wedgewood Townhomes, a 122-unit townhome community in North Charleston, SC. Built in 1984, the property boasts an attractive unit mix of spacious townhomes that are 204 SF larger than the competitive submarket average. The property is in the midst of a positive operational trend - trailing six-month and three-month EGI sit +1.42% and +3.82% above trailing twelve-month levels, respectively. New ownership has the opportunity to leverage this up-tick, and realize a potential 51% boost to annual NOI through completion of a market-supported upgrade package - to bring trailing rents to the submarket average. The asset is also well-positioned in a booming submarket - +31% rent growth since 2012 - as residents enjoy close proximity and seamless access to the area’s major economic drivers and retail corridors.
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Wedgewood Townhomes
122 Units
4791 Apartment Boulevard
North Charleston, SC  29418
Type: Conventional
Closed: 3/23/2018
Property Tours:
  • Wednesday, October 25, 2017
  • Wednesday, November 1, 2017
  • Wednesday, November 8, 2017
  • Wednesday, November 15, 2017
  • Wednesday, November 29, 2017
  • Wednesday, December 6, 2017

Please contact one of the brokers listed on this page to discuss or schedule a tour.

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 220-unit Wildwood at Villa Rica apartment community, located in Carroll County, Villa Rica, GA. This asset is part of the booming Atlanta MSA, projected to be one of the top metros for job growth through 2020. The asset’s position just south of the GA-61/I-20 interchange offers it access to all of Atlanta’s major job hubs, including more than 80M SF of office and industrial space. Limited apartment supply in Carroll County has created a solid apartment market and is driving strong performance at the property. With strong demand for high-end finishes and proven value-add within its competitive set, Wildwood at Villa Rica is primed for an interior and amenity repositioning.

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Wildwood at Villa Rica
220 Units
540 S. Carroll Road
Villa Rica, GA  30180
Type: Conventional
Closed: 3/22/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present Oak Creek Village, a 501-unit 1972-built (substantially renovated in 2007) apartment community in Durham, NC. The property has 648 feet of frontage on U.S. 15-501 (Durham-Chapel Hill Boulevard), the major artery between downtown Durham and Chapel Hill. The nearby I-40 interchange provides further connectivity to Research Triangle Park, Raleigh, and Greensboro. The opportunity offers multiple value-add investment strategies, where NOI growth of varying levels is available depending on the scale of investment. There is a "plug and play" approach where minor capital investment results in 21% NOI growth and a full-scale approach with interior upgrades where 67% NOI growth is available. Investors can benefit from one or a combination of both options.
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The Garrett (Oak Creek Village)
501 Units
4230 Garrett Road
Durham, NC  27707
Type: Conventional
Closed: 3/15/2018
Cushman & Wakefield is pleased to offer Timberline Place, 102 Class A condominium units available for bulk purchase located within the 204 unit Timberline Place Condominiums community in Flagstaff, Arizona. The residents of Timberline Place are offered a choice of four different one, two and three bedroom floor plans. Each unit features 9-foot ceilings, alarm system, ceiling fans, full size washer/dryer, gas fireplace, complete kitchen and a private patio or balcony. Residents of Timberline Place are offered Flagstaff’s highest end amenity package, including a heated pool and spa, outdoor fireplace and lounge, clubhouse complete with kitchen, flat screen television and java bar, fitness center, yoga studio, indoor basketball court, cedar lined sauna, WiFi and attractive grounds with covered ramadas, barbecues and golf course views.
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Timberline Place
102 Units
4343 East Soliere Avenue
Flagstaff, AZ  86004
Closed: 3/13/2018

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
27 Units
250 Collins
Miami Beach, FL  33139
Closed: 3/12/2018
Property Tours:
  • Wednesday, August 16, 2017
  • Wednesday, August 23, 2017
  • Wednesday, August 30, 2017
  • Wednesday, September 6, 2017
  • Wednesday, September 13, 2017
  • Wednesday, October 11, 2017
  • Wednesday, October 18, 2017

Please contact one of the brokers listed on this page to discuss or schedule a tour.

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 146-unit Lofts at College Hill apartment community in Macon, Bibb County, Georgia. Completed in 2015 in Macon’s rapidly-expanding downtown market, this modern midrise asset represents the ultimate in new Macon-area apartment construction and is targeted towards the high-growth Mercer University submarket. Lofts at College Hill presents an outstanding opportunity to invest in a unique walkable urban-infill development with best-in-market features and amenities, which include a retail component.

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Lofts at College Hill
146 Units
1305 and 1345 Hardeman Avenue
Macon, GA  31201
Type: Student
Closed: 3/6/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 468-unit Riverchase Landing apartment community located in the desirable Hoover suburb of Birmingham, Alabama. This asset maintains an exceptional location within the Riverchase PUD, which encompasses over 10,000 jobs and the State’s largest concentration of retail (2.8 million square feet). Hoover is heavily sought after by investors with its top quality schools (ranked 4th in Alabama) and tough restrictions on new multifamily zoning. Built in three phases between 1984-1992, Riverchase Landing offers the investor an attractive multifamily asset with the submarket’s largest floorplans and an in-place value add campaign.
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Riverchase Landing
468 Units
200 River Haven Circle
Birmingham, AL  35244
Type: Conventional
Closed: 3/6/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 112-unit Cascade Oaks apartment community located in west metropolitan Atlanta, Fulton County, Georgia. This asset is strategically situated equidistant from I-285 and the prolific I-20 corridor, just 10 miles west of downtown Atlanta. Built in 1968, Cascade Oaks is an outstanding investment opportunity with substantial market-supported value-add potential.
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Cascade Oaks
112 Units
3820 Old Cascade Road SW
Atlanta, GA  30331
Type: Conventional
Closed: 3/1/2018

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Preserve at Pine Valley, a 219-unit apartment community in Wilmington, NC. Located in a market with exploding population, striking demographics, and a booming economy, The Preserve at Pine Valley is poised to benefit from a market-supported rent runway. Operational trends at the property have responded well to a recent $825,000 CapEx injection as monthly collections have grown 20% since Sept-16. With almost all of the units at The Preserve at Pine Valley remaining in their original state and rents resting $195 below the submarket average, new ownership can focus on a market supported interior value-add initiative that is proven to boost annual NOI by more than 38%.

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The Preserve at Pine Valley
219 Units
3314 Wickslow Road
Wilmington, NC  28412
Type: Conventional
Closed: 2/28/2018
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Willow Crossing Apartments
579 Units
1031 Charlela Ln
Elk Grive Village, IL  60007
Closed: 2/28/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of a 392-unit, two property portfolio located in Pensacola, Florida. Arbor Club and Ashley Club offer superior locations in close proximity to employment, and quality retail/recreational amenities. Both of the properties have received significant renovations since 2013 (293 units) and are achieving rent premiums and increased revenue. Built in 1986, these properties represent an outstanding opportunity to invest in a supply constrained submarket with further revenue growth potential by completing renovations to the un-renovated units at the properties.
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Arbor Club & Ashley Club (2 properties, 392 units)
Arbor Club
168 Units
700 College Boulevard
Pensacola, FL  32504
Type: Conventional
Closed: 2/27/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of a 392-unit, two property portfolio located in Pensacola, Florida. Arbor Club and Ashley Club offer superior locations in close proximity to employment, and quality retail/recreational amenities. Both of the properties have received significant renovations since 2013 (293 units) and are achieving rent premiums and increased revenue. Built in 1986, these properties represent an outstanding opportunity to invest in a supply constrained submarket with further revenue growth potential by completing renovations to the un-renovated units at the properties.
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Arbor Club & Ashley Club (2 properties, 392 units)
Ashley Club
224 Units
2101 Scenic Highway
Pensacola, FL  32503
Type: Conventional
Closed: 2/27/2018

The Grand at Papago Park Center represents an opportunity to acquire a high-density 6.74 acre multifamily development site on a long-term ground lease within Tempe's brand-new, premier business center. The Grand at Papago Park Center is ideally situated north of and adjacent to the Loop 202 Red Mountain Freeway. It has almost immediate access to Arizona State University and Phoenix Sky Harbor Airport. The I-10, Loop 101 and 51 freeways are also within minutes of the site. The Grand at Papago Park Center has a light rail station at its northern boundary on Washington Street, and the Center Parkway light rail station is within walking distance of The Grand's eastern boundary.

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The Grand at Papago Park Center
6.01 Acres
NEC Priest Drive and Loop 202 Freeway
Tempe, AZ  85281
Type: Land
Closed: 2/27/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler & Associates are pleased to present the exclusive listing of the 69-unit Villas at Emerald Park apartment community located in Gretna, Jefferson Parish, Louisiana. This asset is situated in the high barrier-to-entry Jefferson Parish apartment submarket, characterized by limited new deliveries and strong organic rent growth. With such limitations on new multifamily, occupancy and rent have continued to climb, leading to a strong historical property performance, highlighted by a 9% increase in rental income since July 2016. Villas at Emerald Park is an excellent opportunity to acquire a well-performing asset in the New Orleans metro.
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Villas at Emerald Park
69 Units
355 Lapalco Boulevard
Gretna, LA  70056
Closed: 2/27/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Apartments at the Venue, a 618-unit gated apartment community located in Valley, AL. Strategically situated in Alabama’s primary auto corridor, the asset sits 20 minutes away from Kia (3,000 jobs) and the upcoming Sentury Tire plant (1,000 jobs by 2019, $530M project). Chambers County has recruited over $170M of projects since 2016, including an all new industrial park adjacent to The Venue. Built in 2008 & 2009, The Venue offers the buyer Class A product at an extremely desirable pricing with in-place high yielding cash flow and a compelling value-add strategy that will further boost returns.
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The Apartments at the Venue
618 Units
100 Sydney Street
Valley, AL  36854
Type: Conventional
Closed: 2/23/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Waverly, a 168-unit apartment community located in desirable Horn Lake, Mississippi. This asset is situated on the north side of Goodman Road, only 2.5 miles west of DeSoto Crossing, Southaven Town Centre, and Baptist Memorial Hospital. The Waverly is also in close proximity to I-55, providing direct access to Memphis. Built in 1995, The Waverly offers an outstanding opportunity to invest in a bolstering asset with an in-place value add campaign, which will allow the next investor ample opportunity for further revenue growth.
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The Waverly
168 Units
7101 Tulane Road
Horn Lake, MS  38637
Closed: 2/22/2018