Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present The Riverwalk at Salem, a pristine 276-unit apartment community located in Salem, VA. The Property is well located in the high growth Roanoke MSA and creates a rare opportunity for investors to acquire scale in this supply constrained locale. The Property offers proven value-add upside from a combination of in-unit renovations and increased operational efficiency. These value enhancing strategies will combine with future economic growth across the region from a variety of employment sectors that are keeping apartment fundamentals strong. Key industries, including the Meds & Eds sector, are seeing sustained economic growth that has caused the MSAs to reach full employment with record low unemployment. Economic stability is leading to incredible apartment market fundamentals with rent growth and vacancy outperforming long term averages. The Riverwalk at Salem represents a rare opportunity to acquire a proven value-add opportunity in this expanding economy.

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire TToren Flats, a 30-unit apartment building with one retail unit located in the bustling Boston neighborhood of Allston. Totaling 40,004 GSF, this boutique building includes a mix of units varying from studios to four bedrooms. Completed in Fall of 2021, and built to superior energy standards, all units in TToren Flats feature high-end finishes with stainless steel appliances and open floor plans.

Ttoren Flats is ideally located in the heart of Allston and is within walking distance to Boston Landing and Allston Yards providing unmatched access to shopping, dining, and recreation. The property presents investors the rare opportunity to infiltrate a high barrier to entry residential market. The Allston neighborhood is in close proximity to some of Boston’s most prestigious higher education institutions and is well connected to both the Downtown Financial District and Back Bay. Opportunities in academia and the medical field draw young professionals to Allston and drives demand for housing in the market.

Process & Pricing

Ttoren Flats is offered on an “as-is” basis and without a formal asking price. Upon receipt of a signed Confidentiality Agreement, qualified investors will be provided with access to due diligence materials via the Cushman & Wakefield website. Once investors have had the opportunity to review the offering materials and tour the properties, Cushman & Wakefield will schedule a “Call for Offers”.

Cushman & Wakefield is pleased to introduce the opportunity to purchase Twillingate, an attractive, garden-style asset comprised of 52 units located on the METRO Light Rail on 19th Avenue. This submarket is expected to exceed above average revenue growth due to improved demographics associated with the impact of the METRO Light Rail operation and redevelopment of the Metrocenter area nearby.

Find out more about the value-add opportunities available with interior upgrades coupled with strong occupancy and convenient location. Contact us today to schedule your personal tour of Twillingate.

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.