Past Sales

Refine Your Search

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.

...
Sold
1200 Marseille
12 Units
1200 Marseille
Miami Beach, FL  33141
Closed: 4/9/2021

Cushman & Wakefield, as exclusive marketing advisor, is pleased to present the opportunity to acquire the interest in Gatehouse on the Green, a 312-unit asset located in Plantation, Florida. Considered the premier central Broward location, the property was built in 1991 with 9’ ceilings and vaulted ceilings on top floors. None of the units have been upgraded, allowing a new owner tremendous revenue upside with a comprehensive value-add program. The performance of the property has remained consistent through 2020 with strong occupancy and collections. Given its ideal location, the property has excellent access to the major employment markets and retail dynamics in the immediate area. Gatehouse on the Green represents the opportunity to acquire the ultimate value-add opportunity in a thriving, high demand market.

...
Sold
Gatehouse on the Green
312 Units
150 SW 91st Avenue
Plantation, FL  33324
Type: Conventional
Closed: 12/31/2020
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.
...
Sold
Deering Groves
281 Units
13710 SW 256th Street
Homestead, FL  33032
Closed: 12/30/2020
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.
...
Sold
Solmar on Sixth
286 Units
408 NE 6th Street
Fort Lauderdale, FL  33304
Closed: 12/30/2020

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.

...
Sold
Midtown Five
400 Units
125 NE 32nd Street
Miami, FL  33137
Closed: 12/22/2020

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.

...
Sold
Mosaic at Miramar Town Center
487 Units
11575 City Hall Promenade
Miramar, FL  33025
Type: Conventional
Closed: 12/9/2020

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.

...
Sold
Altis Boca Raton
398 Units
5500 North Military Trail
Boca Raton, FL  33496
Closed: 12/3/2020