Slideshow Image

Past Sales

Map View

Refine Your Search

1 2345 ... 16
Displaying results 1-24 of 372

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Kipling, a 118-unit Built-To-Rent (BTR) community located in Baldwin County (Foley), AL. Kipling arrives to market as one of the region’s premier single family, detached BTR communities in Baldwin County. The asset is located in the rapidly expanding Foley submarket, recently ranked the highest-growth pocket in Baldwin County. With pristine beaches less than 12 minutes away ($5B+ economic impact) and retail-attractions within a short drive, Kipling offers residents a desirable, single-family suburban lifestyle.

Fully delivered in 2023, the community features a desirable unit mix of 3-5 BR detached homes averaging 1,777 SF, attached garages, private fenced yards & top-of-the-line technology packages. Lease-up performance is strong as average loss-to-lease is less than 1%. Submarket rent growth has averaged 5%+ annually since 2017 while occupancy remains at 95%. Kipling offers new ownership an outstanding opportunity to acquire a sizeable BTR asset in AL’s fastest growing county.

...
Sold
Kipling
118 Units
7959 Mandalay
Foley, AL  36535
Closed: 3/22/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 6.68-acre, The Grove at Orange Beach development opportunity located in Orange Beach, Alabama. This asset is situated in a PUD zoning district within the fastest growing county in Alabama, offering developers a favorable density of 42 units per acre. A highly sought-after school system paired with an upward trending demographic base is steadily increasing the demand for Class A product, as rent levels have increased 33% over the past 5 years and expect to average another 8% increase each year over the next two years. This site offers deeded beach access, providing a competitive advantage over future multifamily projects. The Grove at Orange Beach offers the future developer the opportunity to build the first high-end, large-scale apartment community along Perdido Beach Boulevard and the site is poised to reward developers as vacancies trend downward and rent growth surges during the massive migration to coastal cities.
...
Sold
The Grove at Orange Beach
6.68 Acres
3001 Loop Road
Orange Beach, AL  36561
Type:  Land
Closed: 3/15/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Marbella, a 96-unit, 2021-built apartment community located in the highly sought after and rapidly growing Baldwin County. Marbella offers residents a beach-style living experience with close proximity to all of Gulf Shores’ lifestyle Amenities. The area is home to some of the nicest beaches in the U.S. which continue to drive strong population and rent growth (8.9% YoY since 2021). Since the beginning of 2022, Marbella has organically pushed rents 15.5%+ on renewals and new leases and arrives to market 95.8% occupied. The Baldwin County market has benefitted tremendously due to the lack of new competitive supply with no units being built between 2009 and 2019. In addition, Baldwin County is the 4th fastest growing small metropolitan area in the U.S. with the Gulf Shores area growing by 73% since 2010 providing further growth for assets such as Marbella. Built in 2021, Marbella represents an outstanding opportunity to invest in a high performing asset with attractive assumable HUD loan in the highly sought after and rapidly growing Baldwin County.
...
Sold
Marbella
96 Units
1910 East 1st Street
Gulf Shores, AL  36542
Closed: 2/21/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Trails at Alabaster, a 200-unit apartment community located in the Alabaster municipality of Birmingham, AL. The asset is extremely well-positioned along the I-65 corridor in a supply-constrained submarket (less than 650 units delivered to the area since 2000) where rents are growing exponentially due to the lack of inventory. Trails at Alabaster offers an outstanding location for residents as it is minutes from 10,000+ quality jobs, state-ranked schools, and Class A retail space. The property is coming off an $1mm+ exterior renovation making the buyer the beneficiary of a quality physical plant and refreshed property look. Built in 1977/1986, Trails at Alabaster offers an opportunity to invest in a quality asset with excellent performance trends and additional upside remaining for new ownership.
...
Sold
Trails at Alabaster
200 Units
1740 Woodbrook Trail
Alabaster, AL  35007
Type:  Multifamily
Closed: 1/30/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Boracay Cove, an 86-unit, 2023-constructed Build-to-Rent (BTR) community located in the thriving and undersupplied Pace submarket. Boracay Cove’s strategic location in the Pensacola market offers residents convenient access throughout the area via US-90 & Interstate-10. The asset is located less than 2 miles away from many major retailers such as Target and Publix. As well as being a top submarket of Pensacola, Pace has experienced 7%+ YoY population growth. Fully delivered in 2023, Boracay Cove offers a rare unit mix of 4 & 5 BR detached single family homes with large floorplans (1,741 avg SF). Lease up performance is outstanding as Boracay Cove has experienced an average of 20 leases per month in May/June. Boracay Cove offers new ownership an outstanding opportunity to acquire a rare high-performing BTR asset.
...
Sold
Boracay Cove
86 Units
4765 Malay Circle
Pace, FL  32571
Closed: 12/20/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Boracay Cove, 86 units located in Pace, FL, and Monarch Place, 137 units in Pensacola, FL. These newly constructed build-to-rent (BTR) communities are located in two high growth suburbs of the Pensacola MSA (7% annual rent growth since 2018). Each asset is within minutes of thoroughfares (I-10, I-110 & US-90) thus providing residents convenient accessibility throughout the metro. Bolstered by limited rental supply of 4BR+ units and favorable submarket fundamentals, both assets arrive to market with outstanding lease-up trends (30+ combined move ins per month). Constructed in 2023, Boracay Cove and Monarch Place offer new ownership an outstanding opportunity to acquire strategically located, high performing BTR assets in high growth emerging markets.
...
Sold
Boracay Cove & Monarch Place (2 properties, 223 units)
Monarch Place
137 Units
420 Monarch Lane
Pensacola, FL  32503
Type:  Multifamily
Closed: 9/28/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 136-unit Summer Place apartment community. The asset is situated in the rapidly expanding West Mobile submarket, which has experienced 14% rent growth over the past two years and 95% average occupancy. Located minutes away from Airport Blvd and Interstate-65, the asset offers residents convenient access to all of Mobile’s economic job drivers, retail amenities and recreational activities. Built in 1975, Summer Place offers new ownership an outstanding opportunity to invest in a market backed value-add asset offered at an extremely attractive basis with significant operational upside.
...
Sold
Summer Place
152 Units
557 Azalea Road
Mobile, AL  36609
Type:  Multifamily
Closed: 8/22/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Fitzroy Grove, a 250-unit, 2021-built apartment community located in the booming Northwest Arkansas MSA. The property is situated in prestigious Pinnacle submarket of Rogers, Arkansas, which has experienced 13.5%+ YoY market rent growth and offers residents quick access to major employers, retail vendors, community amenities and outdoor recreation. Northwest Arkansas is home to Walmart Inc, the nation's largest retailer, which is currently constructing new Walmart Global Headquarters, as well as two other fortune 500 companies, each within a 15-mile radius. The property offers the next investor unmatched amenities and finish levels in the marketplace and maintains excellent rental growth throughout lease-up providing substantial value add upside by pushing 2nd generation leases.
...
Sold
The Fitzroy Grove
250 Units
2901 S 26th Pl
Rogers, AR  72758
Type:  Multifamily
Closed: 7/27/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Uptown Terrace, a 260-unit, 2021-built apartment community with 28,075 SF of commercial space located in the booming Northwest Arkansas MSA. The property is situated in prestigious Pinnacle submarket of Rogers, Arkansas, which has experienced 13.5%+ YoY market rent growth and offers residents quick access to major employers, retail vendors, community amenities and outdoor recreation. Northwest Arkansas is home to Walmart, which is currently constructing its new Global Headquarters, as well as 2 other fortune 500 companies, each within a 15-mile radius. Uptown Terrace is now 95%+ occupied following a tremendous leasing season that averaged 26+ units/month velocity from January 2022- May 2022. The property offers the next investor unmatched amenities and finishes in the marketplace and has maintained excellent rental growth throughout lease-up offering substantial value add upside by pushing 2nd generation leases.
...
Sold
Uptown Terrace
260 Units
4600 S Pinnacle Hills Pkwy
Rogers, AR  72758
Closed: 7/27/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 8.21-acre, Fitzroy Huntsville land site located in Huntsville, AL. Investors can invest in the opportunity to construct a multifamily community zoned and approved for 272 apartment units. This site is situated along the strategically-located Research Park Submarket of west Huntsville. Huntsville is arguably one of the hottest economic metros in the U.S. and is ranked #6 market in the nation for job growth with over $8B in capital investments and 23K+ new jobs since the start of 2018. This asset has direct access to Huntsville’s numerous job cores such as Redstone Arsenal (44K+ jobs) and Cummings Research Park (27K+ jobs). With all of the due diligence done, and building permits submitted for, Fitzroy Huntsville offers an outstanding opportunity to for a developer to break ground in short order within one of nations hottest markets.
...
Sold
Fitzroy Huntsville
8.21 Acres
Research Park Boulevard NW / Research Park Service Road
Huntsville, AL
Type:  Land
Closed: 7/19/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Gates at South Bend, 147 units located in Tuscaloosa, Alabama. Tuscaloosa has produced outstanding growth over the past decade, benefitting from an economy backed by two pillars: University of Alabama ($2.8B impact) the Mercedes-Benz plant ($5.8B investment). Gates at South Bend is centrally located in Tuscaloosa with virtually immediate access to I-20. Residents are within 20 minutes of the Mercedes Benz manufacturing plant and 10 minutes of UA’s main campus. Originally constructed between 1976-1980 and heavily rehabbed from 2017-2021, Gates at South Bend offers future ownership a performing, heavily capitalized asset well below replacement cost.
...
Sold
The Gates at South Bend
147 Units
3831 3rd Avenue E
Tuscaloosa, AL  35405
Type:  Multifamily
Closed: 6/30/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 64-unit Avondale Gardens apartment community located in Birmingham, Alabama. The LIHTC asset is situated less than 3 miles from downtown Birmingham in the highly desirable up and coming Avondale neighborhood. The asset offers residents easy walkability to Avondale’s entertainment district (0.3 miles away) where patrons can shop, eat, drink, socialize and more. Built in 2003/2004, the asset features a very attractive physical plant that is well-maintained. Avondale Gardens represents an outstanding opportunity for new ownership to acquire a well-positioned LIHTC asset.
...
Sold
Avondale Gardens
64 Units
4252 3rd Avenue South
Birmingham, AL  35222
Type:  Multifamily
Closed: 5/15/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Ridges at Bentonville, a 96 unit 2006 built apartment community located in the Northwest Arkansas MSA. This asset is situated in Bentonville, AR which has experienced 13.9%+ YoY rent growth in the last year and offers residents quick access to the booming NW Arkansas MSA that is home to the world headquarters of Walmart and 2 other fortune 500 companies. Nearby high-quality employment opportunities and lifestyle amenities will continue to attract high-income residents to the submarket, thus driving affluent growth for the property. The Ridges at Bentonville arrives to market 99% occupied and offers an outstanding opportunity to invest in a strong performing asset with significant value add upside in one of the fastest growing markets in Arkansas.
...
Sold
The Ridges at Bentonville
96 Units
7806 SW Blue Jay Lane
Bentonville, AR  72712
Closed: 1/27/2023
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 280-unit Grand at Pearl apartment community located in Pearl, MS. The asset is in the strategically located Inner Rankin County submarket that has experienced 13.9% YoY rent growth. Grand at Pearl is just east of Jackson Mississippi with close proximity to interstate 20 which provides easy access to the entire Jackson MSA (296k+ jobs). Over the past six months the property has seen a total of 134 of lease trade outs and renewals (49% of the community) that have garnered over $279+ and $51+ rent bumps respectively. Built in 1999 and 2004, Grand at Pearl represents an outstanding opportunity to invest in a cash flowing property with robust rent growth and occupancy trends.
...
Sold
Grand at Pearl
280 Units
200 Colony Park Drive
Pearl, MS  39208
Type:  Multifamily
Closed: 12/16/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 24.36-acre Overlook at Intracoastal development opportunity in Santa Rosa Beach, Florida, nestled within the 6th fastest growing county in the country. This site offers one of the only potential multifamily land developments in South Walton, as the surrounding area comprises of nearly 20,000 acres of protected forest and park-lands, leaving developable land scarce to find. As population surges in the Walton County area, rental rates and developments are quick to follow with the immediate area realizing 24% rent growth YoY while over $1.5B in capital investments will be deployed in northwest Florida for economic and infrastructure enhancements. The submarket is attracting a stronger demographic base more than ever, with average household income of $118K that is poised to increase 8.6% by 2025, 73% White Collar Workforce, and 52% of residents hold a bachelor’s degree or higher within a 5-mile radius. This may be one of the last multifamily development opportunities within 10 minutes of the #1 ranked beach in the country (2020), Grayton Beach State Park.
...
Sold
Overlook at Intracoastal Land Development
24.36 Acres
177 Apostles Way
Santa Rosa Beach, FL  32459
Type:  Land
Closed: 12/16/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the OM for the 100-unit Berkshire Arms apartment community located in Mobile, AL. This asset sits within a well-performing multifamily submarket, which has demonstrated excellent rent and occupancy trends over the past 5 years. Located just one mile south of Airport Blvd and two miles west of the I-65 interchange, residents experience convenient access to all of Mobile’s employment opportunities, retail amenities, and leisure activities. Berkshire Arms offers an outstanding opportunity to invest in an LIHTC asset that is eligible for conventional conversion, offered at an extremely attractive basis with ample rent upside.
...
Sold
Berkshire Arms
100 Units
4021 N Seabreeze Road
Mobile, AL  36609
Closed: 12/15/2022
1 2345 ... 16