Property Listings

Refine Your Search

Cushman & Wakefield, as exclusive advisor, is pleased to present an urban infill investment opportunity to acquire Altis Boca – South Florida’s premier 398-apartment home asset located in Boca Raton, Florida. The property is comprised in a 6-story midrise design with a combined average unit size of 1,005 square feet. Altis Boca is walkable to Park Place Shopping retail center anchored by a Fresh Market and six restaurants, ranging from fast casual to white tablecloth. The property is also located in Palm Beach County largest office market and is adjacent to the 625,000 square foot Office Depot world headquarters; making it one of South Florida’s most dynamic live and work environments. Developed by nationally recognized Altman Companies, Altis Boca Raton represents the rare opportunity to acquire one of the best apartment home communities in the Southeast United States within the highly coveted location of Boca Raton.

...
Under Contract
Altis Boca Raton
398 Units
5500 North Military Trail
Boca Raton, FL  33496
Posted: 12/20/2019
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Deering Groves (the “Property”) – a Class-A, 281-unit garden apartment community located in Miami-Dade, Florida. The property was completed in 2019 and is approaching stabilization with a strong lease-up pace. Deering Groves presents a rare opportunity to acquire a new construction, garden style Miami-Dade opportunity being offered to the market for the first time by its developer, internationally recognized AHS Residential. Deering Groves has a favorable unit mix with 82% of the mix comprised of two- and three-bedroom units. Conveniently located with immediate access to US-1 and Florida’s Turnpike, residents can easily connect to major employment markets within Miami-Dade including Coral Gables, Doral and Downtown Miami. Additionally, two miles south is the Homestead Air Reserve Base which generates $350 million into the local economy.
...
Deering Groves
281 Units
13710 SW 256th Street
Homestead, FL  33032
Posted: 8/18/2020

Cushman & Wakefield is pleased to offer for sale Harris Music Lofts, a 38-unit plus ground floor retail mixed-use property located at 206 Clematis Street in the heart of Downtown West Palm Beach. The property is the only rental on Clematis Street east of the recently built Brightline Station and is a walkers paradise. Immediately outside your door is all of the action on Clematis Street with its retail, bars and restaurants which provides the pulse to all of Downtown West Palm Beach. In addition, you are just steps away from Fountain Park and Centennial Square, one block from the Waterfront and City Commons, four blocks from the Brightline Station and six blocks from Rosemary Square (formerly CityPlace).

Harris Music Lofts offers 38 residential apartments on five floors and a 4,516 square foot, ground floor retail space. The residential apartments consist of 22 unique one-bedroom floor plans including some two-story townhome style, some with large skylight windows or with spectacular views of Clematis Street.

Originally built in 1925, the six-story, art deco building went through a comprehensive renovation in 1996 including new wiring, plumbing, replacement of all windows and doors, roof and HVACs. Apartments average 658 rentable square feet and all but three are in condominium quality. All apartments are on 12 month leases but zoning does allow for short-term rentals. Furthermore, average rents are notably under market and provide significant upside potential. The average rent at Harris Music Lofts is $1,365, while newly constructed one-bedrooms in the area average approximately $2,000.

On the ground floor there is 4,516 square feet of prime retail space just steps from the Waterfront and Fountain on Clematis Street. The current retail tenant is paying $11.47 modified gross with the lease expiring in May 2021. Once the retail lease expires, a new owner will have the ability to more than triple the current lease rate as well as be reimbursed for additional expenses that are currently not being reimbursed; all of which would go directly to the bottom line. Such a prime retail space on Clematis Street rents between $30-$35 NNN in today’s market.

...
Harris Music Lofts
38 Units
206 Clematis Street
West Palm Beach, FL  33401
Posted: 10/26/2020

A Trophy Residential High-Rise in Midtown Miami

Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire Midtown Five (the “Property”) – a 25-story, class-AAA high-rise in the center of master-planned Midtown Miami. Midtown Five is composed of 400 luxury residences with 23,312 square feet of ground floor retail that sit along Midtown Miami’s main thoroughfare. The Property has outperformed the market in occupancy and collections and is well positioned for continued success due to its top-of-the-market unit finishes, expansive amenity package, and its irreplaceable location with immediate walkability to the 645,000 square foot Shops at Midtown, multiple under construction office projects, and two proposed Brightline stations. Midtown Five presents an extremely rare urban Miami high-rise acquisition opportunity that is poised to greatly benefit a long-term investor through Miami’s continued growth towards a first-tier world-class city.

...
Under Contract
Midtown Five
400 Units
125 NE 32nd Street
Miami, FL  33137
Posted: 8/26/2020

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Mosaic at Miramar Town Center, a 487-unit core-plus opportunity located in Miramar, Florida. Developed in 2015, the property contains a unique mix of townhome and midrise units located within the 54-acre master planned Miramar Town Center – a “downtown” with office, retail and civic buildings. The property is well positioned for a new owner to benefit from a value-add program enhancing the unit interiors to include: hard -surface flooring in the bedrooms, new interior paint scheme, backsplash, upgraded refrigerator and technology package. Current ownership has modestly renovated approximately 30 units and has been achieving premiums of $100-200 for bedroom flooring and an additional $25 for new interior paint. There is an established onsite demographic with an average age of 37 and average household income of $104,519 creating a rent-to-income ratio of 21.3%. The location of Mosaic at Miramar Town Center offers the ultimate walkability with excellent access to surrounding jobs, retail amenities and major roadways. Within three miles of the property, there is in excess of 13.2M square feet of office/industrial space.

...
Under Contract
Mosaic at Miramar Town Center
487 Units
11575 City Hall Promenade
Miramar, FL  33025
Type: Conventional
Posted: 2/13/2020
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Solmar on Sixth - a midrise apartment community in downtown Fort Lauderdale, Florida’s emerging Flagler Village neighborhood. The 7-story multifamily asset consists of 286 apartment homes and was built in 2009. The Property recently completed approximately $5 million in improvements that include a full clubhouse renovation, a gym renovation, the addition of a dog park, modernization of the leasing office, and a hallway revamping including energy efficient lighting. Further, the Property completed 236 complete unit renovations, leaving 50 "Classic" units to be renovated by future ownership. The remaining upside, the Property’s uniquely large floorplans, and the Property’s comparative value for the neighborhood present an opportunity for consistent above market performance. Since Solmar on Sixth was first developed, Flagler Village has transformed dramatically and continues to evolve. The neighborhood is poised for further expansion and maturation through numerous new and walkable commercial projects that will greatly enhance the connectivity and demand for this asset.
...
Under Contract
Solmar on Sixth
286 Units
408 NE 6th Street
Fort Lauderdale, FL  33304
Posted: 9/10/2020
We have suspended property tours and are postponing the request for offers.

Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire X Miami (the “Property”) – a 32-story, transit-oriented high rise located in globally renowned Downtown Miami, Florida. X Miami is the city’s premier rental apartment community that opened with much fanfare in the summer of 2018 and has since experienced a tremendous concession-free lease-up. The Property is composed of 464 luxury residences with 729 square feet of retail in the building’s lobby. The lobby retail includes on-site coffee bar Breezeblock Coffee and first-class restaurant Jaguar Sun.

First-tier cities, including Miami, have begun to experience an affordability challenge as new high-end and highly-amenitized products lack an affordable entry price point. X Miami’s innovative approach and creative design – through unit size and layout – addresses the problem of ever-increasing entry price points into highly urbanized markets. X Miami’s flexibility of accommodating both rent-by-bedroom (RBB) units and short-term rental (STR) operations at ownership’s discretion allows young urban professionals the opportunity to experience the vibrant downtown at an attractive and cost effective price, without sacrificing amenities or living experiences; in fact, they are provided a better one. RBB units are proving to be a great starting point for younger renters who then graduate within the building to full units as their needs and careers grow.

The Property’s downtown location presents an extremely rare acquisition opportunity, which a long-term investor will greatly benefit from owning due to the building’s quality and positioning. X Miami’s landmark location and adjacency to a Metromover station puts it at the forefront of the impending growth that Miami is experiencing in its ascent into a first-tier world-class city.

...
X Miami
464 Units
230 NE 4th Street
Miami, FL  33132
Type: Conventional
Posted: 1/3/2020

Cushman & Wakefield, as exclusive advisor, is pleased to present 1200 Marseille, a value-add multifamily opportunity on Miami Beach. The property consists of two buildings. The unit mix is excellent for the location consisting of four 1BR/1BA units and eight 2BR/2BA units with an average unit size of 973 square feet.

The immediate area surrounding the property is poised for significant investment and improvement. The Miami Beach Commission unanimously approved a master plan for the city’s North Beach neighborhood, which stretches from 63rd to 87th Street. The master plan will include a North Beach Town Center and is likely to revitalize the area with hundreds of millions of dollars of new developments and neighborhood improvements.

...
1200 Marseille
12 Units
1200 Marseille
Miami Beach, FL  33141
Posted: 10/16/2020

THE LAST REMAINING OPPORTUNITY IN MIAMI WORLDCENTER

Cushman & Wakefield, as exclusive marketing advisor, is pleased to offer a land sale or joint venture opportunity in the development of the middle and western portion of Block A of Miami Worldcenter (the “Offering”), the 2nd-largest active urban mixed-use project in the United States. This represents the last remaining available block within Miami Worldcenter. Phase 1 of this iconic, city-shaping development is currently under construction and will include 320K sf of retail, over 2,000 hotel keys, 600k sf of convention space, 500k sf of office space and over 1,900 residential units. Block A, “the Opportunity”, encompasses approximately 2.18 acres, with the base development capacity of nearly 1,100 residential units and 1.7 million square feet.
...
Miami Worldcenter Block A
1100 Units
1000 NE 1st Avenue
Miami, FL  33132
Posted: 10/11/2019

Cushman & Wakefield, as exclusive marketing advisors, are pleased to offer the sale of 88 Hundred Collins (the “Property”), a 0.65 Acre development site on Collins Avenue in Surfside, FL. The site allows for condo and hotel development. The site is being sold as-is and not subject to any plan changes.

88 Hundred provides a premium location at the entrance of Surfside, adjacent to the world renowned beaches. Beach access is easily accessible directly on 88 Street. Surfside is one of the most sought after destinations in South Florida. More stringent development requirements has limited new supply compared to Sunny Isles and Bay Harbor Island. Consequently, Surfside is close to all of the action while maintaining its character as an upscale beach town with great shops, restaurants and cafes.

...
8800 Collins
0.65 Acres
8800 Collins Avenue
Surfside, FL  33154
Type: Land
Posted: 10/2/2017

Cushman & Wakefield, as exclusive advisor, is pleased to present Ocean House – the largest garden style multifamily community on Miami Beach. Ocean House is situated on over four-acres with over 750 feet of direct water frontage and totals 186 units in 23 two-story buildings. The property offers a favorable unit mix with 72% of units two or three bedrooms. The property is 97% occupied with exceptional strong collections during COVID-19.

In the past few years ownership has spent over $13 million in renovating the property. All units have been upgraded to one of two finish levels. 96 of the 186 units (±50%) have been upgraded to a “gold standard”. The other 90 units (±50%) have been upgraded to a platinum standard. Platinum units are renting $115 higher per unit per month.

...
Ocean House Nobe
186 Units
7750 Tatum Waterway Drive
Miami Beach, FL
Posted: 2/5/2020

Cushman & Wakefield as exclusive marketing advisor, is pleased to present the opportunity to acquire Olive Glen 154 out of 276 units in Pompano Beach. Built in 1979, the property is situated on +/- 20 acres just west of I-95 and walking distance to the Pompano Beach Tri-Rail Station.

The 154-units include 5 studios; 90 one bedrooms and 59 two bedroom units. Of the 154 units 104 are located in two story garden units and 50 are located in one-story, villa fourplexes. The units are 100% occupied with almost $1.9 million in current effective income. The units offer significant upside potential. The average in place rent is $984 per unit. Improved surrounding communities such as Pompano Palms and Windsor Forest are achieving rents of $200-$300 higher per month. The Condo Association has over $450,000 in reserves. The owner of the 154-units has 2 out of the 3 Condo Association board seats that can be transferred to a new owner.

...
Under Contract
Olive Glen
154 Units
3102 NW 3rd Avenue
Pompano Beach, FL  33064
Posted: 8/2/2019