Cushman & Wakefield’s Central Midwest Multifamily Advisory Group proudly presents Pinegate East Apartments, a 222 unit, Class A apartment community located in one of the country’s most affluent and sought after counties, Johnson County, Kansas. Built in 1985 to condo standards, and still owned and meticulously maintained by the original developer, the property offers best-inclass amenities and attractive and fresh interior and exterior finishes that rival new communities in the market.
Pinegate East, located adjacent to I-35, the main commuter artery through the Kansas City metro area, is proximal to both the CBD and suburban employment centers, as well as all the area’s premier shopping districts.
With a long history of 96% occupancy and continuously climbing rents, Pinegate East offers investors an exceptional location and asset quality with significant rental upside in one of the country’s most desirable submarkets.
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in The Falls at Arden (the “Property”), a 272-unit apartment community located in Sacramento, California. Situated six miles east of Downtown Sacramento and two miles from California State University Sacramento, the Property provides residents convenient access to the region’s major employment centers. Upscale retail, dining, grocery and entertainment options are also in the immediate vicinity.
The Falls at Arden was built in 1986 and over $3.6 million worth of interior and exterior improvements have been completed since March 2016. The Property has a favorable mix of 72 studio units, 144 one-bedroom units, and 56 two-bedroom units. The clubhouse and fitness center have undergone a complete renovation while washers and dryers have been added to approximately 70% of the one and two bedroom units. These improvements have resulted in effective rent growth of 15.6% over the past 12 months.
Mission Palms offers five floor plans, a clubhouse, a WiFi-enabled coffee house, swimming pool and spa, barbecue areas, fitness center, laundry facility and gated access. Interior amenities include all-electric kitchens with dishwashers, vertical blinds and mini-blinds, pantries and walk-in closets in select units, ceiling fans, extra storage and private balconies/patios in select units.
Grandridge allows investors to capitalize on Omaha’s well-diversified and stable economy fortified by nine Fortune 1000 companies, a burgeoning innovation scene and a fiscally-sound government. The Property is also minutes from premier universities, health centers and new developments. Most notably, the $1.2 Billion, 500 Acre, Boys Town redevelopment, with a plan for 1.4 million square feet of office, 500,000 square feet of retailer, a 300-room hotel, 1,500 apartments, 140 town houses and 440 single-family houses.
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 137-unit apartment community located in Athens, Clarke County, Georgia. This asset is situated in the strategically-located neighborhood of northwest Athens. Built in 1972, Westside Commons offers an outstanding opportunity to invest in an proven value-add opportunity.
Offers due by Friday, July 15, 2016
Please contact one of the brokers listed on this page to discuss or schedule a tour.Cushman & Wakefield is excited to present the 180-unit Grande Pointe apartments on the affluent eastern shore of Mobile Bay, in Daphne, Baldwin County, Alabama. Strategically located in a destination retail district known for its high quality of life and higher household incomes, Grande Pointe is nine miles east of downtown Mobile via direct highway access. Average income within a three-mile radius of the subject is $83,792, which is significantly higher than the metro average of $45,100. Grande Pointe residents also enjoy proximity to Gulf Coast beaches and the top schools in the Mobile MSA.