The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the Silver Lake Multifamily Development Site located in Leesburg, Florida. The asset is situated in the desirable area of the Orlando-Kisimmee-Sanford MSA. Silver Lake Multifamily Development Site is an expansive 46.5 acres and is an approved PUD allowing for up to 256 buildable units. The site also has a rare and attractive 27-acre man made lake stocked with fish.
Cushman & Wakefield, as exclusive advisor, is pleased to present The Park at Cortona, a 220-unit value-add multifamily asset located in Lakeland, Florida. Constructed in 1989, the lakefront property features 3-story walk-up buildings with 8-foot ceilings on the first and second floors and vaulted ceilings on the top floors, and an average unit size of 794 square feet. The Park at Cortona has been well-maintained with over $2.3 million in recent capital improvements by the seller and represents a tremendous opportunity for increased cash flow generated through the continuation of an in-unit renovation program. Additional enhancement potential can be realized through development of the 9.16-acre Phase II land planned for 160 additional units.
Echo Park Bloomington is a premier luxury community located on the south side of booming Bloomington, IN. The thoughtful high-end modern design of this class A new construction property creates a living environment above all other competition. The luxurious living experience caters perfectly to the high income young professional residents.
Bloomington is best known for the highly-rated, 45,000+ enrollment Indiana University, but this city has more to offer than just the typical college town in the way of high paying employment opportunities, international cuisine, music venues, retail boutiques, lakes, wineries and the Hoosier National Forest.
Echo Park is currently 97% occupied and has an excellent lease trajectory into the future. Its stabilization and high occupancy allow for the best permanent new financing terms available.