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Displaying results 97-120 of 3496

2001 BUILT ASSET OFFERED AT $199K/UNIT

Pebble Brook Village offers all new roofs, new wood trim (in process) and sought after features that compete extremely well with new construction properties. At $199K/unit, the property is offered well below similar era product that recently traded at $250K/unit.

UPSIDE POTENTIAL WITH PROVEN RENT PREMIUMS

91% of the units are mostly original to the 2001 construction, offering the opportunity to increase revenue by completing a renovation on 214 classic units and adding amenities. The 9% of units that have been renovated are achieving $360+ average rent premiums.

23%+ ORGANIC RENT GROWTH

High rent growth is being achieved at the property with a recent 23% increase on renewals and 28% or $283 average increase on new leases. These rent increases are organic (obtained on non-renovated units).

HIGHEST GROWTH & INCOME COUNTY IN THE STATE

Hamilton County boasts the highest income and growth metrics in the entire state. Noblesville offers limited competition from new construction, a highly acclaimed school district and has experienced rapid population growth of 31% since 2010.

CONNECTED TO INDY, CARMEL, FISHERS & WESTFIELD

Located in Noblesville, a high-end suburb of Indianapolis, Pebble Brook Village offers its residents easy access to Indy, Carmel, Fishers and Westfield all within a quick drive, providing tremendous employment, retail and service opportunities.

Pebble Brook Village

5475 Winding River Road
Noblesville, IN 46060

Type: Conventional

Closed: 1/10/2023

Cushman & Wakefield is pleased to present for sale, Charles Street Manor, a 36-unit value-add opportunity in the “first ring” suburb of Fridley Minnesota. The property consists of (3) 12-unit properties located directly adjacent to each other at 101, 179 & 180 Charles Street NE.

The properties are situated just North of 694 on the corner of East River Road and Charles Avenue. The location is just east of the Mississippi River and steps from Chase island that includes numerous walking trails and picturesque views of the River. The property is also located just 10-minutes north of downtown Minneapolis and its proximity to both interstate 694/Interstate 94 allows quick access to anywhere in the metro.

Charles Street Manor has been significantly upgraded over the last 18 months with 18 of the 36 units being renovated with granite countertops, new cabinets, appliances, bathrooms and LVT flooring throughout. The asset is offered free and clear of existing financing. Tours are now being scheduled. Please contact Robert Dulin directly to set up a tour, which will be scheduled by appointment only.

Charles Street Manor Apartments

101, 179, 180 Charles Street NE
Fridley, MN 55432

Type: Conventional

Closed: 1/9/2023

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 208-unit Village at Mills Gap apartment community located in burgeoning Boiling Springs, SC. Ideally located off Boiling Springs Road, surrounded by big-box dining and retail options, and in close proximity to I-85, residents are provided superior access to Spartanburg and Greenville’s largest employment nodes and 71k+ jobs within a 20-minute drive. The Spartanburg submarket also boasts impressive projected rent growth (21% through 2027), steady occupancy levels of 95%, and soaring home values, priming the asset to take full advantage of these desirable multifamily fundamentals. Furthermore, residents at Village at Mills Gap enjoy an exceptional amenity package and open floorplans unmatched by competitors. Built in 2014 and meticulously maintained, Village at Mills Gap offers an extraordinary opportunity to acquire a one-of-a-kind asset with tons of embedded upside through raising rents organically and through a Class-A value-add campaign to command average premiums of $185.

Village at Mills Gap

97 Mills Gap Road
Boiling Springs, SC 29316

Type: Conventional

Closed: 1/6/2023

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Oak Enclave – a 420-unit, low-density midrise multifamily development in institutionally coveted Miami-Dade County. Oak Enclave was completed in 2022 and, through its exceptional market reception, is on pace to stabilize in early 2023. The Property sits on over 13 acres of land that presents an oasis like setting with uniquely rare green space and mature native canopy in new midrise construction. Oak Enclave was built with highly efficient well-appointed units that help allow rents to be attainable to a broader section of the professional population compared to competing luxury properties. Paired with the Property’s highway and Tri-Rail connectivity, which allow for shortened commutes to the region’s top employment centers, Oak Enclave represents an exceptional choice for renters that will become increasingly coveted as the Miami MSA continues to expand.

Resia Oak Enclave

2301 NW 167th Street
Miami Gardens, FL 33056

Closed: 12/30/2022

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Coastal Exchange, a 300-unit apartment community located in Myrtle Beach, South Carolina. The property is strategically located in the nation’s fastest growing city, characterized by soaring population and skyrocketing home values. The Class-A community will feature modern finishes and best-in-class amenities, positioning it as the one of the submarket’s leading assets. Situated just off Highway-17, the property offers residents unmatched access to the area’s foremost employers as well as an array of retail and entertainment, including 66-miles of shoreline just minutes away. Furthermore, the submarket enjoys ideal fundamentals propelled by the influx of new residents, with 23% rent growth anticipated by 2026. Market comparables and submarket projections outline the property’s vast rent potential ($1,950+ at final CO) and highlight incoming ownership’s opportunity to acquire a top-tier asset at an extremely attractive basis.

Coastal Exchange

5895 Arbor Isle Way
Myrtle Beach, SC 29577

Type: Conventional

Closed: 12/29/2022

IRREPLACEABLE URBAN LOCATION

Millikan on Mass II is located within downtown Indianapolis along Mass Ave—the city’s #1 nightlife, dining and entertainment district. Residents are steps from a wide array of the best and most popular amenity options downtown has to offer.

OFFERED BELOW REPLACEMENT COST - $195K/UNIT

The cost to construct Millikan on Mass II in today’s market would cost significantly more than it did in 2015. According to NAHB, building materials prices increased 20.4% year over year and have risen 33% since 2020. With a pricing guidance of $195K per unit, the property is offered well below the replacement cost point.

UPSIDE POTENTIAL WITH UNDER MARKET RENTS

The property is owned by the City of Indianapolis Housing Agency which has struggled with staffing and turning units, even with an extensive waiting list. There is ample operational upside in a very strong market. Current market rents are $300-500 below nearby competing properties. The new owner could immediately raise rents organically on new leases and renewals to increase revenue.

CONVENIENT TO DIVERSE & ABUNDANT EMPLOYMENT

With award-winning employers within walking distance, the property’s location brings ‘Live-Work-Play’ to another level. The diversity of employers downtown (from tech to education and healthcare) offers a high level of stability in resident employment.

NEWER URBAN PRODUCT WITH FIRST FLOOR RETAIL

Built in 2015, the property features high-end finishes and open floor plan living with gorgeous views of Mass Ave and downtown Indy. Three popular eateries—Fat Dan’s, Goodfella’s Pizza and Salt on Mass—are convenient for residents to access on the first floor of the building.

The General Partner Interest for Millikan on Mass I (61 Units) is also be offered. More information can be downloaded from the Document Center after a Confidentiality Agreement as been executed.

Millikan on Mass II

505 Massachusetts Ave.
Indianapolis, IN 46204

Type: Conventional

Closed: 12/28/2022

Cushman & Wakefield, as exclusive advisor, is please to present the opportunity to acquire Solaire Coconut Creek, a 270-unit garden-style asset located in Coconut Creek, Florida. Originally built in 2014, Solaire Coconut Creek offers the opportunity for unit interior upgrades, new white cabinetry, new quartz countertops and tiled backsplash. Over the last few years, Solaire Coconut Creek has received an infusion of capital invested into the property including adding vinyl plank flooring to the bedrooms and living areas as well as completely renovating the clubhouse and leasing office. Solaire Coconut Creek is perfectly positioned to implement this renovation program and compete with the new product in the submarket.

Solaire at Coconut Creek

5401 Wiles Road
Coconut Creek, FL 33073

Closed: 12/21/2022

The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc., are pleased to present the exclusive listing of the 93-unit Golden Key apartment community located in Metairie, LA, an affluent suburb of New Orleans. This asset is surrounded by substantial demographics, class A office space, boutique retail and top-tier schools. The limited supply in the submarket will continue to drive rent growth at Golden Key. The property currently has 22 renovated units receiving $220 premiums, showcasing the additional income a new investor can capture through a value-add program. Built in 1975, Golden Key offers an outstanding opportunity to invest in a value-add asset with impressive financial trends.

4151 Division Street
Metairie, LA 70002

Closed: 12/20/2022

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 280-unit Grand at Pearl apartment community located in Pearl, MS. The asset is in the strategically located Inner Rankin County submarket that has experienced 13.9% YoY rent growth. Grand at Pearl is just east of Jackson Mississippi with close proximity to interstate 20 which provides easy access to the entire Jackson MSA (296k+ jobs). Over the past six months the property has seen a total of 134 of lease trade outs and renewals (49% of the community) that have garnered over $279+ and $51+ rent bumps respectively. Built in 1999 and 2004, Grand at Pearl represents an outstanding opportunity to invest in a cash flowing property with robust rent growth and occupancy trends.

200 Colony Park Drive
Pearl, MS 39208

Type: Conventional

Closed: 12/16/2022

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 24.36-acre Overlook at Intracoastal development opportunity in Santa Rosa Beach, Florida, nestled within the 6th fastest growing county in the country. This site offers one of the only potential multifamily land developments in South Walton, as the surrounding area comprises of nearly 20,000 acres of protected forest and park-lands, leaving developable land scarce to find. As population surges in the Walton County area, rental rates and developments are quick to follow with the immediate area realizing 24% rent growth YoY while over $1.5B in capital investments will be deployed in northwest Florida for economic and infrastructure enhancements. The submarket is attracting a stronger demographic base more than ever, with average household income of $118K that is poised to increase 8.6% by 2025, 73% White Collar Workforce, and 52% of residents hold a bachelor’s degree or higher within a 5-mile radius. This may be one of the last multifamily development opportunities within 10 minutes of the #1 ranked beach in the country (2020), Grayton Beach State Park.

Overlook at Intracoastal Land Development

177 Apostles Way
Santa Rosa Beach, FL 32459

Closed: 12/16/2022

The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 168-unit Reflections of Island Park apartment community located in Shreveport, Cado-Bossier City Parish, Louisiana. This asset is situated amongst several large employers including LSU Shreveport, Barksdale Airforce Base (9,000+ employees) and the new Amazon Distribution Center. Strategically located along Highway 71 with easy access to I-20 and 1-49, the property offers connectivity to all of Louisiana. Built in 2007 and well maintained, Reflections of Island Park represents an outstanding opportunity to invest in a value-add potential in an undersupplied submarket.

Reflections of Island Park

2600 Celebration Cove
Shreveport, LA 71105

Type: Conventional

Closed: 12/16/2022

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 39-unit 2918 North at Winstead Commons apartment community located in Greensboro, North Carolina. Situated in North Greensboro, an affluent area trending as a top submarket of the Triad, offers attractive demographics paired with 95% occupancy levels and 20.2% home value growth over the past year. Overall, the Triad has seen 18.6% effective rent growth in the past 12 months, and is projected to grow an additional 18.3% by the end of 2022. The area is anchored by a strong employment drivers, such as VF Corporation, Cone Health, and FedEx. In addition, Toyota, Amazon, Publix, Cone Health, and Boom Supersonic have been a large part of economic announcements, coinciding with the completion of the Urban Loop (2023) which will provide easy connectivity to these major employers. Built in 2016, the property represents an outstanding opportunity to invest in luxury units with the ability to organically grow rents by $250/unit, which is in line with market competitors.

2918 North at Winstead Commons

2918 Martinsville Road
Greensboro, NC 27408

Closed: 12/15/2022

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the OM for the 100-unit Berkshire Arms apartment community located in Mobile, AL. This asset sits within a well-performing multifamily submarket, which has demonstrated excellent rent and occupancy trends over the past 5 years. Located just one mile south of Airport Blvd and two miles west of the I-65 interchange, residents experience convenient access to all of Mobile’s employment opportunities, retail amenities, and leisure activities. Berkshire Arms offers an outstanding opportunity to invest in an LIHTC asset that is eligible for conventional conversion, offered at an extremely attractive basis with ample rent upside.

4021 N Seabreeze Road
Mobile, AL 36609

Type: Affordable Housing

Closed: 12/15/2022

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Vue at St. Andrew’s, a 132-unit apartment community located in the thriving capital city of South Carolina. Columbia is well known for its resilient tendencies, boasting a plethora of government, healthcare and educational jobs while promoting enticing multifamily fundamentals. The Vue at St. Andrew’s proximate location provides residents access to downtown, major retail centers including the Harbison Corridor with over 3M+ square feet of retail and top tier education within the Lexington Richland School District 5 (A Ranking). Furthermore, the immediate area provides exceptional demographics and a positive outlook with average household incomes pushing almost $78k, a white-collar workforce of 70% and no units under construction or proposed within 5-miles. Built in 1972, The Vue at St. Andrew’s represents an incredible opportunity to invest in an asset displaying tremendous performance trends with NRI increasing 13% over the T12, recent leases signing 9% over in-place rents and renovated units achieving $160 premiums.

The Vue at St. Andrews

82 Fox Run Lane
Columbia, SC 29210

Type: Conventional

Closed: 12/15/2022

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the premier 312-unit Exchange at Windsor Hill apartment community located in bustling North Charleston, South Carolina. Situated north of the Peninsula in an area experiencing rapid economic growth, the North Charleston submarket continues to prove out its heightened multifamily desirability. With seamless connectivity to major thoroughfares, residents at the property enjoy direct access to the area’s largest employers such as Bosch Automotive (2k jobs), Joint Base Charleston (22k jobs), and Boeing (7k jobs) all within 5 miles of the property. Furthermore, residents at Exchange at Windsor Hill enjoy first class interior finishes with incredible attention to detail and a top-notch amenity package. Built in 2020, Exchange at Windsor Hill offers an exceptional opportunity to acquire a one-of-a-kind asset with tons of embedded upside through unparalleled projected rent growth (30% through 2027) and a $360+ rent delta to submarket comparables.

Exchange at Windsor Hill

8240 Windsor Hill Blvd
North Charleston, SC 29420

Type: Conventional

Closed: 12/14/2022

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 312-unit Seaside Grove at Carolina Forest and 216-unit Providence Park, which can be acquired together or individually. The properties are situated in two of South Carolina’s most admired cities, Myrtle Beach and Columbia. As the fastest growing city in the U.S., Myrtle Beach leads the surge of southern coastal migration posting 51% population growth since 2000, outpacing all other coastal markets. The capital city of Columbia also displays persistent growth through its primary employment sectors of medical, education, and government, with rents projected to rise 21% through 2027. Located in the Carolina Forest and East Columbia communities, residents at the properties enjoy direct access to top-tier retail, premier entertainment options, and seamless connectivity to major economic drivers. The immediate areas surrounding the properties boast high average HHIs ($75k+), dominant white-collar populations (65%), and impressive rent growth (21% avg.), representing the ideal time to own in these thriving pockets of South Carolina. New ownership can benefit from the tremendous upside of the portfolio advantage and implement a Class-A value-add campaign to push rents $430+ in three years, yielding additional revenue for years to come.

Seaside Grove & Providence Park (2 properties, 528 units)

Seaside Grove at Carolina Forest

101 Augusta Plantation Drive
Myrtle Beach, SC 29579

Type: Conventional

Closed: 12/13/2022

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 912-unit Upstate Value-Add Portfolio, which can be acquired together or individually. The five assets are situated in two of South Carolina’s most admired cities, Greenville and Spartanburg. The highly sought-after North Greenville and Spartanburg submarkets are characterized by top-tier retail, award winning school districts, and seamless connectivity via I-85 to major economic drivers. The immediate areas surrounding the properties boast high average HHIs, dominant white-collar populations, and impressive rent growth, representing the ideal time to own in these thriving pockets of Upstate, SC. The properties offer an outstanding opportunity to gain immediate scale, infrastructure, and create efficiencies in high growth Southeastern markets through well capitalized assets ($6.9M+). Built from 1974-1986, the properties arrive to market primed for a Class-A value-add campaign where new ownership can benefit from the tremendous upside of the portfolio advantage, push rents $230+, and yield additional revenue for years to come.

Upstate Value-Add 5 Portfolio (5 properties, 912 units)

The Park at Sondrio

3500 Pelham Road
Greenville, SC 29615

Type: Conventional

Closed: 12/13/2022

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 912-unit Upstate Value-Add Portfolio, which can be acquired together or individually. The five assets are situated in two of South Carolina’s most admired cities, Greenville and Spartanburg. The highly sought-after North Greenville and Spartanburg submarkets are characterized by top-tier retail, award winning school districts, and seamless connectivity via I-85 to major economic drivers. The immediate areas surrounding the properties boast high average HHIs, dominant white-collar populations, and impressive rent growth, representing the ideal time to own in these thriving pockets of Upstate, SC. The properties offer an outstanding opportunity to gain immediate scale, infrastructure, and create efficiencies in high growth Southeastern markets through well capitalized assets ($6.9M+). Built from 1974-1986, the properties arrive to market primed for a Class-A value-add campaign where new ownership can benefit from the tremendous upside of the portfolio advantage, push rents $230+, and yield additional revenue for years to come.

Upstate Value-Add 5 Portfolio (5 properties, 912 units)

The Park at Vietti

1000 Hunt Club Lane
Spartanburg, SC 29301

Type: Conventional

Closed: 12/13/2022

INVESTMENT HIGHLIGHTS

Partially Renovated with Remaining Upside

Close to Amenities & New NGA Campus

Strong Employment Centers

Growing Market Fundamentals

Average rents in St. Louis increased by 8.9% from 2021 to 2022 with average occupancy at a historic high level 92.3%

Sportsmans Place Apartments

3024 Kossuth Avenue
St. Louis, MO 63107

Type: Conventional

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of The Brunswick, a 193-unit institutional quality multifamily asset in Norcross (Atlanta), GA. Anchored by Lillian Webb Park in historic Downtown Norcross, The Brunswick’s thoughtful interiors and high-end amenities drive premier visibility. Located in Atlanta’s infill arc, the asset’s strategic location provides exceptional access to 1M+ jobs within a 30-minute drive. Furthermore, The Brunswick has demonstrated impressive lease trade-outs, averaging a 10.3% increase on new leases since May. Surrounded by top-notch job-nodes and immediate walkability to Downtown Norcross, The Brunswick is a phenomenal investment opportunity with a strong future growth trajectory in a desirable town center.

141 Holcomb Bridge Road
Norcross, GA 30071

Closed: 12/9/2022

5851 Holmberg Road
Parkland, FL 33067

Type: Conventional

Closed: 12/8/2022

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Lakes Edge,160-unit apartment community located in Greensboro, North Carolina. This asset is situated in the rapidly expanding West Greensboro submarket. Built in 1975, Lakes Edge represents an outstanding opportunity to invest in a proven value add opportunity. The 54 units that have already seen renovations are achieving on average $240 premiums over unrenovated units. Lakes Edge has $340 rent headroom to the average of comparable. The property is located just 2 miles from the Urban Loop, a 6-lane freeway carrying Interstates 73, 85, 841, and 421. This interstate will provide critical links to high growth areas around West Greensboro.

5644 W. Market Street
Greensboro, NC 27409

Type: Conventional

Closed: 12/8/2022

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 912-unit Upstate Value-Add Portfolio, which can be acquired together or individually. The five assets are situated in two of South Carolina’s most admired cities, Greenville and Spartanburg. The highly sought-after North Greenville and Spartanburg submarkets are characterized by top-tier retail, award winning school districts, and seamless connectivity via I-85 to major economic drivers. The immediate areas surrounding the properties boast high average HHIs, dominant white-collar populations, and impressive rent growth, representing the ideal time to own in these thriving pockets of Upstate, SC. The properties offer an outstanding opportunity to gain immediate scale, infrastructure, and create efficiencies in high growth Southeastern markets through well capitalized assets ($6.9M+). Built from 1974-1986, the properties arrive to market primed for a Class-A value-add campaign where new ownership can benefit from the tremendous upside of the portfolio advantage, push rents $230+, and yield additional revenue for years to come.

Upstate Value-Add 5 Portfolio (5 properties, 912 units)

The Park at Ariano

2950 East North Street
Greenville, SC 29615

Type: Conventional

Closed: 12/7/2022

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Core Link at Douglas (the “Property”) – a 312-unit, 22-story, FGBC Silver (pending) class-AAA highrise adjacent to the Douglas Road Metrorail station and Coral Gables’ esteemed Merrick Park neighborhood. A Phase II sister tower, the 421-unit Cascade will deliver in late summer 2022 and further enhance the master-planned living experience of residents with the addition a 22,000 square foot Milam’s Market on its ground floor.

Strategically positioned at the nexus of four mature and affluent neighborhoods, the Property’s highly desirable combination of high-rise Biscayne Bay views, asset quality, expansive amenities, walkability, and TOD access in this coveted submarket have attracted superb resident demographics with average household incomes near $250,000. Core Link at Douglas represents a rare opportunity to acquire a newly completed, transit-oriented, class-AAA high-rise in one of the highest barrier-to-entry and most affluent submarkets in Miami.

CORE Link at Douglas

3060 SW 37th Avenue
Miami, FL 33133

Closed: 12/6/2022

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