Property Listings

Cushman & Wakefield is offering for sale this +/-0.87 acre parcel, uniquely located with excellent visibility. The site, family owned and occuped for more than 40 years, offers a rare development opportunity. Located contiguous to a 1.09 acre City of Davis owned excess land parcel, the site presents an opportunity to collaborate with the City of Davis to create a landmark project. The City's site, cleared of the Surplus Lands Act in 2023, is zoned High Density Mixed Use.

The Cushman & Wakefield Ohio Multifamily Advisory Group is pleased to present the exclusive listing of the Mill Road Development Site, a ~70-acre land site located in Cincinnati, Ohio. This prime piece of real estate offers a unique opportunity for new owners to capitalize on and expand into the Cincinnati market. Located within a Qualified Census Tract (QCT), new owners can take advantage of various tax credits designed to stimulate development and revitalization in underserved areas. These tax credits can significantly reduce development costs, making Mill Road Development an even more attractive investment proposition. The property also benefits from a comprehensive development plan commissioned by the current ownership. This plan outlines a vision for the site, including a mix of assisted living and senior townhomes. This pre-existing strategy eliminates the substantial time and cost often associated with initial planning and zoning approvals, allowing new owners to accelerate the development timeline and potentially expedite their return on investment. The Mill Road Development Site presents an exceptional opportunity for new owners seeking to capitalize on the advantages of the site being located in a QCT while benefiting from a well-planned and strategically located development site.

In addition to the aforementioned development space, the site also features a 73-unit low income senior apartment building marketed simultaneously but available independently. This property, known as Mill Road Senior Community, consists of one- and twobedroom units with a history of stable occupancy and presents a compelling valueadd opportunity. Mill Road Senior Community benefits from a convenient location near essential amenities, including healthcare facilities, shopping centers, and public transportation, ensuring residents have easy access to daily necessities and services. New owners purchasing both properties are able to access immediate cash flow opportunities while pursuing the development of the remaining acreage.

Located in a Qualified Census Tract (QCT)

Conceptual Site Plans Completed

Opportunity to Re-Syndicate Tax Credits on Low-Income Housing (Senior Community)

The Cushman & Wakefield Florida Multifamily Group is pleased to present the 134-unit multifamily offering, 1100 Apex located in Clearwater, Florida (Tampa Bay MSA). The property is a rare high-rise tower that was converted from an office building and transformed in 2019 into downtown Clearwater’s premier luxury residential tower and also features 3,479 SF in ground floor retail. The community is situated in downtown Clearwater, with over 8,000 jobs in the vicinity as well as ideally located nearby numerous restaurants, shops and within biking distance to one of the top beaches in America, Clearwater Beach. The property boasts an unrivaled amenity package including resort-style heated swimming pool, putting green, fire pit, outdoor pool table, resident lounge area, private dining room and kitchen prep room, golf simulator and fitness center, to name a few. The large open concept floor plans of the units are all appointed with condominium grade high-end finishes including stainless steel appliances, quartz kitchen countertops and granite bathroom vanity countertops, smart technology packages, vinyl plank flooring, select and sweeping panoramic views of Clearwater Harbor from select upper tier units. The property is poised to benefit from Tampa Bay’s continued population influx and economic growth while being located in one of the few undersupplied submarkets in the region.

Owner conceptualized building a 220 unit apartment community on this +/- 11.98 acre site. Seller is flexible on subdivision of parcels into smaller development lots. Excellent location within a residential neighborhood surrounded by SFRs and newer multifamily development.

Cushman & Wakefield’s Multifamily Advisory Group is pleased to present the opportunity to acquire both the Gordon-Conwell Campus, a generational development or user opportunity spanning 102 acres and 202,952 SF of existing educational campus facilities and/or The Residences at Hamilton, a 209-unit, 1980’s vintage, garden style apartment complex, spanning 6 buildings, located in Hamilton, Massachusetts.

The property has been the home of Gordon-Conwell Theological Seminary for nearly half a century. The full offering spans 102 acres in one of Massachusetts most prominent towns.

The Gordon-Conwell Campus, offers developers, investors, and institutions, countless opportunities to enter what has historically been considered an impenetrable submarket. The site presents a multitude of redevelopment options ranging from commercial, to ultra-high-end residential development, to continued and enhanced educational and institutional use, among many others.

The Residences at Hamilton features six (6), 3-story garden-style apartment buildings totaling 209 units and approximately 194,391 rentable square feet. The buildings, built between 1976 and 1988, sit on approximately 102 acres in an idyllic residential New England setting and offer residents ample parking. Institutionally owned and operated since their original development, the buildings have historically been rented as quasi dormitories by students of the institution, but maintain traditional apartment floor plans, consisting of spacious studio, one (1), two (2) and three (3) bed layouts. The offering presents the opportunity for a new ownership group to operate the buildings as traditional apartments in one of Massachusetts’ highest barriers to entry towns, where virtually no competitive apartment properties exist today.

Pricing & Process

The Gordon-Conwell Campus and The Residences at Hamilton are offered without a formal asking price. Upon Receipt of a signed confidentiality agreement, qualified investors will be provided with access to the offering memorandum and due diligence materials. Once investors have had an opportunity to review the offering materials and tour the property, C&W will schedule a “Call for Offers”.

Investors are invited to submit bids for the Gordon-Conwell Campus and The Residences at Hamilton as a single portfolio or as individual properties.

Cushman & Wakefield's Multifamily Advisory Group is pleased to offer for sale 141-143 Addison Street, a transit-oriented investment and development opportunity located minutes from downtown Boston. As East Boston continues to transform and flourish as a hotbed of residential development activity, the property’s 21,100 ± square foot (0.48 acre) lot presents an excellent redevelopment opportunity with the potential to deliver housing in a thriving Boston neighborhood. Currently comprised of two single-story flex/industrial buildings totaling 15,400 ± square feet, the property also presents considerable upside as functional in-fill industrial space. The property's below market rents and short-term leases provide the buyer - whether housing developer, industrial user/occupier or investor - with the flexibility to execute a variety of value-add strategies that maximize the property's potential. .

Cushman & Wakefield is pleased to present the exclusive listing of 1801 Assembly, a fully entitled 113-unit mixed-use tax credit eligible adaptive reuse opportunity in the heart of downtown Columbia, South Carolina. The former federal building, located on the highest point in Columbia and embedded within the highly amenitized redevelopment district of downtown, offers residents walkability to hundreds of restaurants, retail, and entertainment options, including across the street Finlay Park, currently undergoing a $24.1M rehabilitation. The surrounding area also boasts seamless connectivity to the state capital’s largest employers, providing 145k+ jobs within a 15-minute drive.

Unused for over 5 years, the building qualifies for Abandoned Building Tax Credits, along with its age and significance qualifying for the Historic Building Tax Credits and Bailey Bill Tax Abatements. Current ownership has laid significant groundwork for the project, including detailed site plans and renderings and complete asbestos remediation, offering the next buyer an accelerated development timeline relative to comparable adaptive reuse opportunities. 1801 Assembly represents a unique adaptive reuse development opportunity in one of the most desirable locations in Columbia. The project is fully entitled and abated, allowing a buyer to close in Q3 of 2024 and deliver units roughly a year later in Q3-Q4 of 2025. Additionally, the tax credits allow for an investor to syndicate capital prior to construction, creating approximately ~$11.5MM in sources after land close.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 330-unit, 200 East apartment community located in Durham, NC. This asset is situated in the rapidly expanding East Durham submarket. 200 East is located in one of the most sought-after geographies through the lens of investors and residents alike, just minutes from Research Triangle Park, the world renowned research campus, home to 300+ companies and Fortune 500 powerhouses. This rare opportunity provides investors access to an exceptional asset with a highly attractive tenant base, and the ability to achieve premiums of $151+ through an interior renovation initiative and operational efficiency, on an already high caliber performing asset.

Cushman & Wakefield’s Multifamily Advisory Group, in collaboration with Ten-X is pleased to present the opportunity to acquire 21 Peace Street, an unprecedented redevelopment opportunity located in Providence, Rhode Island. Bound by Plenty Street to the North, Elmwood Avenue to the West, Peace Street to the South and Broad Street to the East, the site encompasses approximately 3.3 acres of redevelopment potential, spanning 276,767 +/- square feet within the existing structure.

21 Peace Street offers investors and developers a rarely available a critical mass redevelopment site in one of Providence’s most sought-after neighborhoods. As the third largest city in New England, Providence is known as an epicenter of higher education, with eight college and university campuses located in the city, attracting tens of thousands of undergraduate and postgraduate students to the area each academic year.

21 Peace Street, affixed with favorable zoning will offer new ownership several different potential end uses for the redeveloped asset. “By-Right” zoning allows for Multifamily, Educational, Healthcare, Office, Medical, and Research uses.

The longtime home of St. Joe’s Hospital, for over a century, the existing “shell” presents an ideal opportunity for developers in search of a substantial property with the critical mass and the physical specifications to pursue several different potential redevelopment paths.

Process & Pricing

21 Peace Street is available on an “as-is, where-is” basis and is being offered without a formal asking price. Property due diligence materials are available to qualified buyers upon execution of a confidentiality agreement. Tour dates will be made known to registered buyers prior to the auction deadline. Please visit www.Ten-X.com to sign the confidentiality agreement, download the due diligence materials, and register for the auction. The live online auction will commence on January 27th and will conclude on January 29th, 2025.

Ten-X Link: https://www.ten-x.com/listing/21-peace-st-providence-ri-02907/33883729/

This 11.47 Acre site is a well-located parcel in North Colorado Springs, near the intersection of Voyager Parkway and Old Ranch Road. The immediate submarket is anchored by InterQuest Parkway and has become one of the most prominent and active growth corridors in the region with a mix of commercial, retail, entertainment, recreation, education, health services and residential uses. The area is dominated by several large master planned communities including The Farm and Flying Horse Ranch to the North, Pine Creek to the South, and Wolf Ranch and Cordera to the East. Housing demand is very strong in this submarket and many of these large legacy communities are either built out or approaching close out. Multi-family rental communities in this area have steady occupancy levels and comparable rent rates to the proposed product. Given the growth and demand of the Northgate submarket and the unique product offering, this site poses an exciting opportunity for future development. Current Zoning: R5/SS

The Cushman & Wakefield Ohio Multifamily Advisory Group is pleased to present the exclusive listing of the 224 West Liberty Street property, a prime redevelopment opportunity located in the heart of Cincinnati’s vibrant Over-the-Rhine (OTR) neighborhood. This offering presents a unique chance to acquire a strategically positioned asset in one of the city’s most sought-after districts, renowned for its historic charm, thriving arts and entertainment scene, and strong sense of community. The property benefits from its exceptional walkability to a diverse array of retail, dining, and cultural attractions, including Findlay Market, Washington Park, and Music Hall. With an existing structure ripe for adaptive reuse, 224 West Liberty Street offers multiple redevelopment options for investors seeking to capitalize on the strong demand for residential and commercial space in this dynamic and growing neighborhood. This is an ideal opportunity for those looking to create a landmark project that contributes to the ongoing revitalization of OTR while benefiting from its strong economic fundamentals and unique urban character.

Cushman & Wakefield and Greystone are pleased to present for sale 225 General Edwards Highway, a prime development site opportunity located in Sharon, Massachusetts. The property is comprised of 30 +/- acres of land along Route 1 in the northwesterly section of Sharon, bordering the towns of Walpole and Foxboro.

The Property provides unmatched access to nearby retail amenities in Walpole and Foxboro. To the north in Walpole, there is assorted retail including the Big Y Plaza, Applebee’s, Dunkin’ Donuts, Fairfield Inn & Suites and Walmart. Less than three miles away from the Property is Foxboro’s Patriot Place which features a wide variety of retail and dining amenities surrounding Gillette Stadium. This includes Bar Louie, CBS Sporting Club, Wormtown Brewery, Top Golf, Showcase Cinema, Christmas Tree Shops, Bed Bath & Beyond, Trader Joe’s and Vineyard Vines.

225 General Edwards Highway is available on an “as-is” basis and is being offered without a formal asking price. RFPs must be submitted by October 14, 2022.

For additional information and to submit a bid, please visit: https://mbtarealty.com/bid-docs/?_sm_nck=1

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire 255 Main Street, a luxury apartment community that was recently delivered in the highly desirable neighborhood of Hyannis, Massachusetts. The property includes approximately 3,500 square feet of retail space on the first floor bringing additional convenience to life at 255 Main. Two (2) two-bedroom units and eight (8) 1-bedroom units are located on the second and third floors with additional secure storage and laundry in the basement. Cape Cod, Massachusetts is one of the most supply constrained locations in the country. 255 Main Street allows investors to expect little oncoming competition in the future. Concurrently, home prices on the Cape have grown to historical levels. The median home price in Barnstable county is over $1 million. The continuing affordability dilemma has made renting a much more affordable alternative in the region.

Process & Pricing

255 Main Street is offered on an “as-is” basis and without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with access to the offering memorandum and due diligence materials. Once investors have had an opportunity to review the offering materials.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 260 Woodstock by ARIUM, a 23-unit, 2008-built apartment community located in highly sought after Woodstock, GA. Embedded in the affluent Downtown Woodstock corridor, the property benefits from immediate access to a variety of the area’s most popular retail, dining and event venues. In the 5-mile radius surrounding the property, demographics are premier with an average household income of over $115K with predominate white-collar employment and a 2.1% unemployment rate. Advantageous positioning, coupled with rising construction costs, makes 260 Woodstock a premier asset, offered well below replacement costs. Through a light interior upgrade program, new ownership has the opportunity to further drive rents and NOI on a boutique asset in an irreplaceable town-center location.

1. EXCELLENT BUILDING FUNDAMENTALS
The building features sleek and timeless glass lines bringing excellent natural light into the space with incredible 360 views of Downtown Cincinnati, including views of the Ohio River, Paycor Stadium, and The Banks. The open floor plans are ideal for a traditional office user or adaptive reuse, providing a multitude of options for configuration of the space.

2. UPSIDE PARKING POTENTIAL
The 266-space parking garage on the first four levels of the building providing users convenient, onsite parking and an opportunity to enhance cash-flow potential through public-facing parking options for transient visitors.

3. CREDITS, INCENTIVES, AND ABATEMENTS
The owner of 312 Plum Street can apply for a variety of incentive programs, including but not limited to state and federal tax incentives, sales tax exemptions for construction materials, and real estate tax abatements on the improved value.

4. SOUTHWEST CBD MOMENTUM
With multiple conversions and recently completed new construction, the southwest quadrant continues to evolve into a vibrant residential and hospitality corridor within Downtown Cincinnati. 312 Plum Street’s proximity to The Banks, a preeminent mixed-use development along the Ohio River, and Fountain Square, the social heart of Downtown, positions it well for either a residential or hospitality adaptive reuse.

5. WALKABLE AND TRANSIT-ORIENTED LOCATION Cincinnati is one of the most walkable downtown areas in the country with a walkability index of 18.6 out of 20 and a walk-score of 95%. Holding true to this high index, 312 Plum Street is within a 10-minute walk of numerous amenities and points of interest.

6. STRONG MARKET FUNDAMENTALS FOR NEW MULTI-FAMILY CONSTRUCTION New Class-A multi-family product in the downtown Cincinnati market has recently outperformed the rest of the Cincinnati MSA. Pairing an average of 97% occupancy with an impressive $2.26/sf, these fundamentals present an exciting opportunity to redevelop 312 Plum Street into market-rate apartments.

The Cushman & Wakefield Ohio Multifamily Advisory Group is proud to offer the opportunity to acquire 318 W 3rd Street. This 34,000 SF property is a prime redevelopment candidate to take advantage of the ongoing momentum in Downtown Cincinnati. By pursuing an adaptive re-use plan, including the ability to convert a portion of the building into multi-family or hospitality, the opportunity affords an investor the ability to reposition the property to its highest and best use.

INVESTMENT HIGHLIGHTS

Prime Downtown Location Near Numerous Amenities

Multiple Walkable Amenity Centers (78 Walk Score)

Tax Credit Opportunities

Current High-Level Plans for a Boutique Hotel

Developable Rooftop Area

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire 47 West Cedar St, a boutique 10-unit, 100% market rate apartment building located in the Beacon Hill neighborhood of Boston, Massachusetts. Built at the turn of the century, the 5,600 SF +/- brownstone apartment building is situated in the heart of Boston’s most charming and sought-after residential neighborhoods, exceptionally located between Downtown and the Back Bay.

The building features four (4) two-bed one bath units, four (4) one-bed one bath units and two (2) studios. The units offer high ceilings, hardwood floors, large closets and abundant natural light. Although ownership has meticulously managed the building, there is a distinct opportunity to upgrade unit interiors, including kitchens, bathrooms, flooring, lighting and appliances. Following these upgrades, the incoming buyer would elevate the competitive profile of the asset in the market and the renovated luxury units would command significantly higher rents, or be poised for condo conversion and sell-out at premium prices.

47 West Cedar St represents a rare opportunity to acquire an asset in one of the most desirable residential locations in the United States.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the ±3.30 Acre 4th & Shartel multifamily development site located in Downtown Oklahoma City, OK. Permits have been approved for the site, which is entitled for 246 units. The site is also located just minutes from the Central Business District (51,000+ jobs) and The University of Oklahoma Health Sciences Center (11,000+ employees), which have served as primary drivers to the revitalization of the area with projects such as Scissortail Park and the Streetcar. With steady rent demand and market-leading occupancy, the shovel-ready site with design and 100% of construction documents complete presents the rare opportunity to develop Class A apartments in the heart of Downtown Oklahoma City.