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Black Mountain Site
   
12855 Black Mountain Road
San Diego, CA  92129
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present the City Center Portfolio, a 500-unit, four property portfolio located in Newport News, Virginia. The Properties - Kingstowne (1974 & 1985), Boston Cove (2008), Forrest Court (1971), and Victoria Place (1985) - exhibit strong value-add fundamentals with in-unit renovations which can generate significant rent increases, proven out within the broader submarket. A substantial amount of capital has been invested in the Properties that limits downside risk associated with deferred maintenance and will allow a new investor to focus on income generating renovations. Additionally, the Portfolio is being offered at a price significantly below replacement cost, providing investors with an incredibly attractive acquisition basis relative to newly constructed Class A properties. The Properties are strategically located around Newport News’ premier mixed-use development, City Center at Oyster Point, and have immediate access to I-64 only minutes away. The City Center Portfolio is a rare opportunity to combine irreplaceable Newport News locations and immediate scale with additional upside in the vastly expanding Hampton Roads market.
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Newport News City Center Portfolio (4 properties, 500 units)
Boston Cove
34 Units
828 Forrest Dr
Newport News, VA
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Brentwood Apartments
117 Units
Everett, WA
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Bryden House
152 Units
1555 Bryden Rd
Columbus, OH  43205
Type: Conventional

Cushman & Wakefield’s Southwest Multifamily Advisory Group is pleased to present the exclusive listing of the 26-unit Camelback Gardens apartment community centrally located in Phoenix, Arizona.

The property is sited on approximately 1.5 acres in a well developed area that offers residents various shopping, recreation and schools. Located in close proximity to both major freeways, I-17 and SR-51, Camelback Gardens also benefits from being situated within walking distance of the METRO Light Rail.

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Camelback Gardens
26 Units
2101 West Colter Street
Phoenix, AZ  85015
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Campus Club (Duplicate, See Notes)
64 Units
5651 Fletcher Ave E
Tampa, FL  33617
Type: Student

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
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Carmel Mountain
600 Units
San Diego, CA
Electronically sign the Confidentiality Agreement to gain access to the online package. Site Tours: August 15, 22 & 29, 2006 Offers Due: Thursday, August 31, 2006 Call Jim Jarrell 404-853-5275 or Steve Griffin 404-853-5261 to discuss/schedule tour.
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Carolina Crossing
155 Units
702 Edwards Road
Greenville, SC  29615
Type: Conventional
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Casa De Alicia Portfolio (2 properties, 106 units)
Casa De Alicia
53 Units
1307 Darlene Way
Boulder City, NV  89005
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Casa De Alicia Portfolio (2 properties, 106 units)
Casa De Alicia West
53 Units
891 Del Sol Drive
Boulder City, NV  89005
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Casa Loma Apartments
28 Units
403 O Street
Sanger, CA  93657
Type: Conventional
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Castlepark Resort Apartments
508 Units
2065 W. College Avenue
San Bernardino, CA  92407
Type: Conventional
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Cedarbrook Apartments
515 Units
Colton, CA
The AVR 13 Property Portfolio is a once-in-a-cycle opportunity to establish Class A presence in the nations’ highest growth region. Consisting of 3,760 units across 4 states with an average vintage of 2013, this unique opportunity is being offered for sale as a portfolio and an individual basis. The portfolio features highly attractive assumable debt at below today’s market rates. The highly synergistic blend of garden, midrise, and highrise product are located in top-tier urban and suburban locations that are embedded in premiere demographics and are all highly retail and access oriented. Each property exemplifies best-in-class construction by acclaimed developers such as Wood Partners, Hines, Novare Group and Greystar.
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AVR Portfolio (13 properties, 3,988 units)
Celsius
474 Units
9404 Perimeter Station Drive
Charlotte, NC  28216
Type: Conventional
CLOSED 3/31/2016

Cushman & Wakefield/NorthMarq is pleased to present Century Commons, a premier value-add investment opportunity. The property offers 153 student bedrooms (39 units) directly adjacent to Century College, Minnesota’s largest two-year community and technical college (11,000 students). Investors are offered the opportunity to acquire a strategically located, well-maintained student housing property with substantial value-add potential through kitchen renovations and light common area upgrades.

Century Commons provides students with a unique living environment that cannot be replicated in the marketplace. Furnished units are rented by-the-bedroom with lease structures catering to the academic calendar. Amenities appeal to the unique needs of students and include wireless internet, study lounge with computers and snack machines, controlled entry, video surveillance system and barbeque area.

Future ownership will be able to build on a multi-year year track record of NOI growth and benefit from a captive audience of student renters. Low long-term interest rates, continued rent growth and minimal ongoing capital requirements will make Century Commons a solid investment with strong cash-on-cash returns.

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Century Commons
153 Units
3515 Century Ave N
White Bear Lake, MN  55110
Type: Student
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Hawaiian Terrace & Chapel Arms (2 properties, 34 units)
Chapel Arms
13 Units
1308 Chapel St.
Cincinnati, OH  45206
Type: Conventional

City View Apartments is a 112-unit property located in the West-Central submarket of Las Vegas and is poised to take advantage of the recent surge of nearby activity. Constructed in 1977, City View is a quaint community that offers proven renovation upside in both floor plans, ample common areas, a pool, and a lightly renovated clubhouse.

Las Vegas was the number one metro for rent growth in 2018, recording 7%+ growth. Las Vegas also recorded rent growth of 6%+ in 2016 and 2017. With the strong rent growth in Las Vegas, City View has been able to prove out $130 per month lifts in rents through a light interior improvement plan, while remaining "under market". Renovations include countertops, appliances, baseboards, paint, and hardware.

The West-Central submarket continues to be a proponent of higher rental rates as newer assets begin value-add campaigns & luxury projects continue to be developed in the immediate vicinity. Rent comps like the Sedona Ridge and Tower at Tropicana have rental rates $150-$200 per month higher than the renovated rates at City View. Sales in the submarket are exceptionally strong as well. The Green Leaf Lotus Apartments, less than one mile away, recently sold for $261,016.95 per unit. The 1988-vintage "Sequoia Meadows", just 0.9 miles away, recently sold for $163,602.94 per unit. Additionally, nearby Chinatown is experiencing a BOOM in the retail sector, as there proves to be huge demand to live, work, & eat in this corridor. Population growth in this pocket is projected at 9.41% through 2023

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City View Apartments
112 Units
3355 Arville Street
Las Vegas, NV  89102
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Cloman Apartments
8 Units
7575 & 7585 Cloman Way
Inver Grove Heights, MN
Type: Conventional
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Coldwater Canyon Chalet
32 Units
Sherman Oaks, CA
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Colony Park
24 Units
1425 Bidwell Street
West St Paul, MN  55118
Type: Conventional
Cushman & Wakefield is pleased to announce the exclusive listing of an excellent opportunity to acquire 475 units in Denver Metro and Colorado Springs. The Colorado Portfolio consists of two properties located in Denver Metro totaling 216 units and two properties located in Colorado Springs totaling 259 units. Nestled among the trees close to Old Town Arvada, Aspen Point is country-style living with easy access to Denver and Boulder. Located just off Wadsworth Blvd. and W. 58th, Aspen Point is close to numerous retail and shopping centers, as well as minutes away from Downtown Denver. The retail center includes big-box tenants such as Costco, Home Depot, Lowe’s, Sam’s Club, Sport’s Authority, and numerous other retail shops. With easy access to the Rocky Mountains from I-70 and 6th Ave, Mountain Run is located in Lakewood, Colorado between W. Alameda and S. Union Blvd. Mountain Run sits within minutes of numerous job centers, including the Denver Federal Center which employs over 6,200 federal employees and 26 different agencies, making it the largest concentration of Federal agencies outside of Washington, D.C. Citadel Village and Village East both sit in the Rustic Hills Sub-Market of Colorado Springs. Citadel Village is located just off of North Academy and Galley Rd. and in very close proximity to the Citadel Mall and shopping center. Village East sits east of the North Powers and E Platte Ave intersection and just north of the Colorado Springs Municipal Airport. In early November, Frontier Airlines announced plans to build its heavy maintenance hangar in Colorado Springs, which will bring 225 high paying jobs to Colorado Springs. The Army recently announced they will base a newly formed brigade combat team at Fort Carson, bringing nearly 4,900 more soldiers to the post. The new unit would bring the total number of active-duty troops at the Colorado Springs post to nearly 30,000, compared with about 14,500 in 2003.
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Colorado Portfolio
475 Units
Denver Metro & Colorado Springs
Denver & Colorado Springs
The AVR 13 Property Portfolio is a once-in-a-cycle opportunity to establish Class A presence in the nations’ highest growth region. Consisting of 3,760 units across 4 states with an average vintage of 2013, this unique opportunity is being offered for sale as a portfolio and an individual basis. The portfolio features highly attractive assumable debt at below today’s market rates. The highly synergistic blend of garden, midrise, and highrise product are located in top-tier urban and suburban locations that are embedded in premiere demographics and are all highly retail and access oriented. Each property exemplifies best-in-class construction by acclaimed developers such as Wood Partners, Hines, Novare Group and Greystar.
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AVR Portfolio (13 properties, 3,988 units)
CORE Lindbergh
358 Units
741 Morosgo Drive
Atlanta, GA  30324
Type: Conventional
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Corte Bella
32 Units
1441 Casa Buena Drive
Corte Madera, CA  94925
Type: Conventional