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Cushman & Wakefield, as exclusive advisor, is pleased to present 13thirteen Randolph Street Lofts the premier, luxury boutique building in West Loop’s Fulton Market District. Originally home to Chicago’s Wholesale Florist Exchange, the historical building along with an adjacent building were renovated in 2013 to include studio, one-and two-bedroom apartments with Class A amenities and 31,476 square footage of fully leased ground floor retail. The Fulton Market District has seen explosive growth since 13thirteen Randolph Street Lofts was delivered. Both Google and McDonald’s headquarters have moved to the West Loop to be a part of the over 5 million square feet of office space in the district. Home to West Randolph Street restaurant row and some of the city’s hottest dining destinations, Fulton Market District has become ground zero for Chicagoans wanting to be a part of everything important in the city.
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Under LOI
13thirteen Randolph Street Lofts
74 Units
1313 W. Randolph
Chicago, IL  60607
Type: Conventional
Posted: 5/8/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 250-unit, 180 West apartment community located in Carrboro, NC. Built in 1987, 180 West offers an outstanding opportunity to invest in a quality asset that received an investment of $875,000 since 2017. After a recent new construction of 94 units in the area in the past 12 months, no new supply is in the delivery pipeline through 2023, of which Carrboro has not seen any new multifamily developments in 10 years. The growing demand of Chapel Hill paired with Carrboro’s high barriers for new supply poises the property for consistent returns and an opportunity to boost annual NOI by 26% through implementation of a proven value add program, evidenced by higher rental rates at inferior competitor properties.
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180 West
250 Units
180 BPW Club Road
Carrboro, NC  27510
Type: Conventional
Posted: 7/16/2019
Cushman & Wakefield is pleased to exclusively present the opportunity to acquire 1939 Market Street (the "Property"), a ±0.27 acre high-density mixed-use development site in San Francisco, CA. Situated at the nexus of Hayes Valley, Duboce Triangle and Mission Dolores, the Property’s zoning places no limits on unit-density and allows for the construction of structures up to 85-feet in height. 1939 Market Street’s central, infill location combined with a world-class Transit Score of 100 provides future residents immediate access to the city’s renowned live-work-play offerings.
1939 Market Street is currently a two-story office building and a 16 space parking lot. Under the current NCT-3 zoning an investor is afforded the opportunity to program the highest-and-best use for the site. San Francisco’s housing crisis coupled with statewide efforts to stimulate dense housing development near transit services, makes the Property an ideal site for a luxury apartment homes or condominium community.
With a central location on one of the city’s iconic thoroughfares, the 1939 Market Street Site will benefit from San Francisco’s position as a leading business and cultural center that continues to attract the world’s most affluent residents and notable employers.
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1939 Market
0.27 Acres
1939 Market Street
San Francisco, CA  94103
Type: Land
Posted: 8/5/2019

Cushman & Wakefield is pleased to offer for sale 3221 Frederick Avenue, a 2.616± acre parcel of improved land containing seven interconnected buildings, totaling 172,5000± square feet. The property is zoned I-1, industrial (Baltimore City) and as been in continuous light manufacturing and assembly use since its early days as a brewery in the late nineteenth century. The property is in an excellent candidate for adaptive re-use or redevelopment, close to the expanding St. Agnes Hospital and Health Campus, and less than one mile from I-95.

The existing buildings range from one to six floors, with the core loft-style buildings totaling over 150,000 square feet. The property is fully sprinklered, with ceiling heights ranging from 12-16 feet, with expansive window lines and 360° views of Baltimore. The former corporate office building (#4) offers a unique user or conversion opportunity as well with the benefit of ample parking and a secure, fenced lot.

In all 3221 Frederick Avenue represents a uniquely large and scalable investment/development opportunity.

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3221 Frederick Avenue
2.62 Acres
3221 Frederick Avenue
Baltimore, MD  21229
Type: Land
Posted: 4/26/2018
Cushman & Wakefield is pleased to exclusively present the opportunity to acquire 33 Home Place East (the "Property"), a 5 unit apartment building with significant value-add upside in Oakland’s desirable Cleveland Heights neighborhood. Offered to the marketplace with three strategic vacancies, renovation of the Property provides an immediate path to an additional $621 per unit in monthly market rent upside upon repositioning and stabilization.
As one of the top performing apartment markets in the San Francisco Bay Area, Oakland properties are projected to further benefit from 38% rent growth through 2029. 33 Home Place East is located in a preferred central Oakland submarket which provides residents easy access to the region’s offerings that make it one of the world’s premier live-work-play destinations. With multiple paths for substantial revenue upside, the Property offers an investor the opportunity to realize top performing revenue growth at an all-in basis that is below replacement cost.
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33 Home Place East
5 Units
33 Home Place East
Oakland, CA  94610
Posted: 8/5/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 508-unit 3500 The Vine apartment community located in Peachtree Corners, Gwinnett County, Georgia. This asset is desirably positioned just off Peachtree Industrial Blvd., along the thriving I-85 northeast corridor. Since acquisition, current ownership has invested $2.9M+ in interior, exterior, and community amenity upgrades - creating in-place organic rent growth and significant potential for the next investor to completely round out the community. Built in 1981, 3500 The Vine offers an excellent opportunity to acquire a repositioned asset in a high-growth submarket with proven value-add upside.
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3500 The Vine
508 Units
3500 Peachtree Corners Circle
Peachtree Corners, GA  30092
Type: Conventional
Posted: 7/16/2019
Cushman & Wakefield, as exclusive marketing advisor, is pleased to present the opportunity to purchase or joint venture 45 Winwood (the "Project"): a 2.14-acre development site located between NW 2nd and North Miami Avenues in the hip Wynwood submarket of Miami. The offering presents investors and developers with an exciting ground-up development opportunity for up to 321 multifamily units or 642 hotel keys, plus retail space. The Property currently has ±41,048 leaseable square feet that can be leased as is or renovated and retrofitted for high-end retail or creative office space to achieve maximum cash flow. With direct frontage on NW 24th and NW 25th Streets, 45 Winwood offers immediate walkability to what Vogue Magazine has dubbed one of the "Coolest Neighborhoods in the World."
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45 Winwood
   
45 NW 24th St
Miami, FL  33180
Posted: 4/17/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is excited to present the exclusive listing of the 232-unit 464 Bishop apartment community in the affluent Loring Heights, Buckhead’s southernmost neighborhood. Completed in 2017, this top-of-market urban infill midrise represents an impressive long-term hold opportunity due to the unwavering job growth in Midtown and new commercial development in West Midtown. Strategically rooted in Loring Heights, surrounded by game-changing development, and the emergence of the westside Beltline positions 464 Bishop to continue driving rents. The recently stabilized 464 Bishop has demonstrated substantial effective rent growth and concession burn-off through the fourth quarter of 2018, demonstrating the unlimited long-term asset appreciation.
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Under Contract
464 Bishop
232 Units
464 Bishop Street
Atlanta, GA  30318
Type: Conventional
Posted: 6/1/2019

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in 777 Broadway (the "Property"), a 50-unit luxury midrise apartment community located in Oakland, California. Situated in downtown’s historic Old Oakland neighborhood and only three blocks from BART, the property provides the rare combination of modern design, a core location and instant transit access.

Completed in May 2018, 777 Broadway was constructed to condominium-quality standards and has a condominium map in-place. The Property is a five story luxury apartment community consisting of 17 one-bedroom and 33 twobedroom units, 3,571 square feet of ground floor retail, and a 52-space parking garage. 777 Broadway is located in a thriving Oakland submarket which provides residents easy access to the San Francisco Bay Area’s economic and lifestyle offerings that make it one the world’s premier places to work and play.

777 Broadway is offered in conjunction with the 33-unit Idora Apartments located in Oakland’s Temescal neighborhood. These two properties are available individually or as a portfolio, providing immediate scale.

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777 Broadway
50 Units
777 Broadway
Oakland, CA
Posted: 1/10/2019

Cushman & Wakefield is pleased to offer for sale the 100% fee simple interest in the buildings at 906 and 910 Grand Boulevard and the parking lot at 710 Walnut Street in downtown Kansas City, Missouri. 906 Grand, formerly known as the Rialto Building and the Ozark Building, was built in 1912 and is one of the last historic redevelopment opportunities available in the Central Business District.

The façade of 906 Grand features some of the finest stonework of any building in Kansas City and was extensively restored by the current ownership within the last decade at a cost of over $3 million. Many other modernization improvements have been made in recent years, including a second interior stairwell, new windows and life safety systems.

Downtown Kansas City is in the midst of an incredible renaissance, with a surging residential population and revitalized commercial and entertainment districts. The nearby Power & Light District and the new downtown streetcar line have spurred strong demand for new residential and hotel development in the area.

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906 Grand
   
906-910 Grand Boulevard
Kansas City, MO  64106
Posted: 6/5/2019
Cushman & Wakefield is pleased to present a unique opportunity to purchase a ±4.66 net acre multifamily development site located in the highly desirable North Scottsdale area. The site is located on 90th Street, east of the Loop 101 Freeway between Raintree Drive and Frank Lloyd Wright Boulevard and consists of ±202,946 square feet of developable land.

Known as the "West’s Most Western Town", Scottsdale is a combination of cowboy culture and haute couture. Home to Arizona’s finest shopping and dining, Scottsdale offers hiking trails, award winning resorts and acclaimed art galleries for its residents that enjoy a quality of life like no other. Capturing the national spotlight, Scottsdale showcases an eclectic mix of sport and cultural events that draw thousands of spectators annually. Scottsdale boasts first-rate resorts, world-class events, sophisticated arts, lively nightlife, diverse shopping and epicurean feasts and is known for its refined spas, upscale wine bars and shopping plazas with luxury boutiques.

With its affluent population and large employment base, Scottsdale maintains a competitive edge in attracting new retailers, company headquarters, technology and biomedical industry leaders. The city enjoys the largest concentration of Class A Office space in the region. It has a highly developed workforce, enviable business infrastructure and transportation links, including a world-class executive airport. All of these factors combined create a thriving location for business that is attractive to employees and employers. The diverse economy is based on medical research, high-tech innovation, tourism and corporate headquarters. Scottsdale is home to nearly 18,000 businesses, over 150,000 jobs and more than 20% are Arizona corporate headquarters.

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90th St & Raintree Drive
4.66 Acres
N/NWC 90th Street & Raintree Drive
Scottsdale, AZ  85260
Type: Land
Posted: 1/15/2019
The Cushman & Wakefield Multifamily Advisory Group is pleased to present 925-965 Marseille Drive, a renovated apartment rental on Normandy Isle in Miami Beach. The property recently completed a renovation including exterior upgrades such as enhanced landscaping, hurricane-impact windows and new gate as well as interior upgrades including ceramic tiled floor, new kitchen cabinets and countertops, updated air conditioners and updated bathroom vanities and tile. The 27 units are all one bedroom units averaging 700 square feet. Although the property is offered on an individual basis, there is an opportunity to acquire a total of 76-units in the immediate area surrounding the property, a very rare critical mass opportunity for North Beach.
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925-965 Marseille Drive
27 Units
925-965 Marseille Drive
Miami Beach, FL  33141
Type: Conventional
Posted: 9/20/2017

The Abbey Lane is comprised of 100 one and two bedroom apartment units ranging in size from 839 sf to 1,398 sf. The property offers residents a serene setting amongst a mature wooded area and naturally meandering Coffee Creek. With amenities like a dog park, fitness center, pool, tennis court and playground, Abbey Lane is an idea place for a wide variety of residents.

Over the past 12 months, the property has undergone significant capital projects ($850,000+) including cosmetic interior upgrades to a select number of units, replacement of windows in 33 units, refreshed interior hallways as well as a minor clubhouse renovation and other deferred maintenance items (rebuilding of balconies, bridge reinforcement, etc.). The property is positioned well for the new ownership to purchase a stable, partially renovated property in an attractive location with ample opportunity to create upside.

Minutes from I-94 (to the north) and I-80 (to the south), Abbey Lane is ideally located in the heart of Indiana’s Northwest most affluent county (Porter). Access to Chicago is less than an hour’s drive or a 50-minute commute via the South Shore Line (train).

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Under LOI
Abbey Lane
100 Units
120 Abbey Lane
Chesterton, IN  46304
Type: Conventional
Posted: 5/8/2019

Arbors at Evansville North/South are adjacent multifamily properties situated on 22 acres. The two communities combined have 271 units of both garden and townhome style residences. To achieve economies of scale and other cost sharing benefits, the current owner, a California-based private equity group, began running the properties together in the summer of 2016.

Arbors North is offered at $31,000 per unit / $4,600,000

Built in 1972, the majority of the units at Arbors North have original interior finishes and offer the new owner the opportunity to complete updates and achieve higher occupancy inline with the submarket, at 93%. Currently, Arbors North receives a 75% Assessed Value deduction which lowers the property real estate tax bill. In exchange for this deduction, the owner agrees that 75% of the units are leased by residents earning 80% or less of the area median income and at least 25% of the units are leased by resident earning 50% or less of the area median income. Up to 25% of the units may be leased with no income restrictions. The new owner of Arbors at Evansville can maintain the assessed value deduction and income restrictions or may opt out of the program and have no income restrictions.

Arbors South is offered at $33,000 per unit / $4,000,000

While originally constructed in 1963, In 2012/2013 Arbors South was fully renovated with new roofs, new windows, complete unit upgrades (including new cabinets, flooring, appliances, light fixtures, etc.), and additional common area upgrades. The portfolio is being offered free and clear, however Arbors South does have attractive assumable debt (Freddie Mac Loan, $3M+/- Balance, 4.56% interest rate, due in June of 2026)

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Arbors at Evansville (2 properties, 271 units)
Arbors at Evansville North
150 Units
1320 Lee Court
Evansville, IN  47714
Posted: 6/25/2019

Arbors at Evansville North/South are adjacent multifamily properties situated on 22 acres. The two communities combined have 271 units of both garden and townhome style residences. To achieve economies of scale and other cost sharing benefits, the current owner, a California-based private equity group, began running the properties together in the summer of 2016.

Arbors North is offered at $31,000 per unit / $4,600,000

Built in 1972, the majority of the units at Arbors North have original interior finishes and offer the new owner the opportunity to complete updates and achieve higher occupancy inline with the submarket, at 93%. Currently, Arbors North receives a 75% Assessed Value deduction which lowers the property real estate tax bill. In exchange for this deduction, the owner agrees that 75% of the units are leased by residents earning 80% or less of the area median income and at least 25% of the units are leased by resident earning 50% or less of the area median income. Up to 25% of the units may be leased with no income restrictions. The new owner of Arbors at Evansville can maintain the assessed value deduction and income restrictions or may opt out of the program and have no income restrictions.

Arbors South is offered at $33,000 per unit / $4,000,000

While originally constructed in 1963, In 2012/2013 Arbors South was fully renovated with new roofs, new windows, complete unit upgrades (including new cabinets, flooring, appliances, light fixtures, etc.), and additional common area upgrades. The portfolio is being offered free and clear, however Arbors South does have attractive assumable debt (Freddie Mac Loan, $3M+/- Balance, 4.56% interest rate, due in June of 2026)

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Arbors at Evansville (2 properties, 271 units)
Arbors at Evansville South (Stonebrook)
121 Units
3600 Covert
Evansville, IN  47714
Posted: 6/25/2019