Cushman & Wakefield, as exclusive advisor, is pleased to present Ocean Oaks, a 296-unit value-add garden community in Port Orange, Florida. Completed in 1988, the property features a two-story design with direct access units. The property sits on over 21 acres, providing a low density setting of only 14 units per acre. The property has undergone an extensive rehab program with over $2.5 million invested in capital improvements. Current ownership has also upgraded 68 units and is achieving rent premiums in excess of $150 per month. Ocean Oaks’ location within Port Orange is ideally located and central to some of the largest metros in Florida including Orlando, Jacksonville and Brevard County. The property is less than 1/2 mile from I-95 and provides a short commute to the areas largest employers including AdventHealth, Halifax Health, International Speedway, Boston Whaler, Frontier Communications and more. Ocean Oaks is located on the north side of Dunlawton Avenue which serves as a main thoroughfare in the area, with various retail and dining options within a short drive.
Cushman & Wakefield, as exclusive advisor, is pleased to present Southern Cove Apartments, a 180-unit value-add garden community in Temple Terrace, Florida. Completed in 1974, the property sits on over 9 acres, providing a density setting of only 19.67 units per acre. Southern Cove’s location within Temple Terrace is ideally located at the center of a $1.5 billion redevelopment project created by the Tampa Innovation Alliance. The property is also centrally located within minutes from critical thoroughfares I-75 and I-275 allowing quick access to downtown Tampa, the Westshore Business District and Tampa International Airport
The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of the 312-unit Brandywine Crossing apartment community located in northwest Peoria, Peoria County, Illinois. This asset is embedded in a lifestyle retail district and is less than five miles from Peoria’s top employers, including the medical district, downtown, and riverfront. Built in 1969, Brandywine Crossing offers an outstanding opportunity to benefit from proven value-add upside in Peoria’s strong multifamily market.