Cushman & Wakefield, as exclusive advisor, is pleased to present a multifamily investment opportunity to acquire The Atlantic Delray (the "Property") - an increasingly scarce, new construction, luxury garden apartment development of 346 homes in the highly desired community of Delray Beach, Florida. The property is comprised of thirteen three-story buildings and two two-story buildings with walk-up units averaging 1,048 square feet that are serviced by surface parking, attached garages, and detached garages. The Atlantic Delray is located in emerging West Delray, just north of Atlantic Avenue and west of Military Trail. The community is minutes from millions of square feet of high-paying jobs in Boca Raton and Downtown Delray Beach - the heart of the Palm Beach social scene. With its central location within Palm Beach County, Delray Beach has become one of South Florida's most dynamic live and work environments. The property opened in May 2017 and has quickly moved through the lease-up process in part due to its market-leading luxury finishes and unmatched amenity offering and a rare low-density setting of 11 units per acre.
Please contact a Cushman & Wakefield professional for more information.
Legacy at Prescott Lakes Luxury Apartment Community is a 150 unit Class "A" property located within the Prescott Lakes master planned community in Prescott, Arizona. Prescott Lakes is one of Prescott's premier master planned communities featuring an 18-hole championship golf course and 12 acres of lakes and open spaces.
Legacy at Prescott Lakes was designed and constructed by one of the nation’s premier multi family housing developers and features an attractive high-end architectural design. Residents of Legacy at Prescott Lakes are offered six distinctive one, two and three bedroom floor plans. Each floor plan features a washer and dryer, designer kitchens with self-cleaning ovens, dishwashers, frost-free refrigerators and microwaves, ceiling fans, walk-in closets, and patios or balconies with storage areas. Select floor plans also feature gas fireplaces, a private garage and views of the Granite Dells and Watson Lake. A significant number of units have been upgraded to include wood plank-style flooring, stainless-style or black appliances, new door hardware, along with new plumbing and light fixtures.
Also provided to residents of Legacy at Prescott Lakes is a heated pool and spa area, a fitness center, business center and a resident clubhouse. Legacy at Prescott Lakes combines an excellent location with superior architectural design and amenities to offer an exceptional investment opportunity.
The District at Mountain Vista is a 384-unit Class "A", garden-style luxury rental community located in East Mesa near the US-60 and 202 freeways, with easy access to restaurants, shopping, entertainment and recreation. Nearby amenities include highly ranked schools, medical centers, parks, movie theaters, golf courses and many shopping and dining options. The property’s location provides easy access to the US-60 and the 202 freeways, connecting residents to the rest of the Metro Phoenix area.
The District at Mountain Vista offers its residents a resort-style pool, spa, sundeck, poolside cafe tables and barbecue grills, clubhouse, resident business center with WiFi, fax and copier, fitness center, yoga studio, dog park, carports and detached garages, extra storage units and gated entry.
The District at Mountain Vista features a mix of one, two and three bedroom floor plans. The interior amenities offered residents include nine-foot ceilings, ceramic tile flooring, crown molding, faux granite countertops, double stainless steel sinks, breakfast bar, Whirlpool black dishwasher, built-in microwave, stove and refrigerator, walk-in closets, roman soaking tub in master bath, full-size washer/dryers and private patios/balconies. Select units offer a built-in computer niche, laundry room, and vanity seating and double sinks.
Cushman & Wakefield, as exclusive advisor, is pleased to present an urban infill investment opportunity to acquire JOYA – a premier transit-oriented, 431-apartment home, 12-story asset located in Miami, Florida. With thoughtful unit layouts in a mix of flats and two-story townhomes, JOYA offers the largest floor plans in the market with an average unit size of 1,105 square feet. The property opened in February 2016 setting the standard for luxury apartment living while offering the most expansive amenities compared to its competitive set. Located within Dadeland, JOYA is less than five minutes from 1.5 million square feet of office and over 2 million square feet of retail. JOYA is also walkable to the Metrorail providing access to the other main employment corridors of Coral Gables, Downtown Miami and Miami’s Health District. Developed by nationally recognized Wood Partners, JOYA’s design elements and presence will stand the test of time.
Cushman & Wakefield, as exclusive advisor, is pleased to present a multifamily investment opportunity to acquire Vista Verde (the "Property") - a 302-unit, value-add residential asset located in rarely traded Miami, Florida. The two and three-story surface parked property was built in 1993 and sits adjacent to a Publix-anchored shopping center and across SW 107th Avenue from Florida International University (FIU) the fourth largest university in the United States with a growing enrollment currently at 55,000 students.
The property is currently implementing an in-unit renovation program of which they have fully renovated 16 units. The last 60 renovated units ("full" and "partial") have achieved average monthly rent premiums of $188 per unit per month. Cushman & Wakefield estimates that by completing the in-unit renovation program, a future investor could generate additional annual cash flow of over $475,000. This would allow for an increased return potential. Notable renovations include adding stainless steel appliances, granite counters, removing popcorn from the ceilings, new flooring, new cabinetry, and sinks. A new investor can further enhance cash flows by continuing this program.
Cushman & Wakefield is pleased to present for sale, The Central, a 49-unit “Micro” Multifamily new construction located in a vibrant South Minneapolis neighborhood.
Completed in 2018 and 90% pre-leased upon opening June 1st, The Central was built with state-of-the-art construction while utilizing the highest efficiency standards in the market. The property offers stylish modern layouts with quartz countertops, high-end cabinets, premium wood flooring, stainless-steel appliances and Wi-Fi connected remote access thermostats in all units. The best-in-class amenities at the property are unrivaled to the competition and offer residents a community room with garage door opening to rooftop deck, fitness center, patio with outdoor grill, covered heated parking, heated indoor bike racks/storage, secure package delivery and free Wi-Fi throughout the building.
Centrally located in the heart of South Minneapolis, just off of Interstate 35W at the corner of 2nd Avenue South and East 35th Street, The Central’s prime position gives residents easy access to everything. The property is located minutes from Downtown Minneapolis, Uptown, Lyn-Lake, Eat Street, Lake Harriet, Lake Calhoun, Powderhorn Park, Midtown and Lake Nokomis. The Central is also steps from the thriving “Kingfield” neighborhood with locally acclaimed restaurants including Grand Café, Victor’s 1959 Café, Blackbird Café, Nighthawks Diner & Bar, Hola Arepa, Five Watt Coffee, Kyatchi, Pat’s Tap, Rincon 38 and Butter Bakery Café.
The Central is a unique opportunity to acquire a new construction, best-in-class “Micro” Multifamily asset in a desirable community with limited to no competition of similar properties in this price point.