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Irreplaceable Location in one of Orlando’s Most Dynamic Submarkets

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Haven at Reunion, a brand-new apartment home community in Kissimmee, Florida. The 338-unit property consists of three-story garden style buildings with an average unit size of 989 square feet. Developed in 2019, the property consists of a mix of one-, two- and three-bedroom residences with expansive common area amenities and market leading finishes. The location of Haven at Reunion is just minutes from I-4 providing residents with excellent access to the areas’s top employers such as Walt Disney World, Universal Studios, NeoCity, Lake Nona, Darden Restaurants, Lockheed Martin, and AdventHealth.

Haven at Reunion
338 Units
7995 Haven Way
Kissimmee, FL  34747
Type: Conventional
Posted: 7/29/2019
Well-Maintained Asset with Updated Amenities

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Princeton Parc, a 200-unit, value-add garden community in West Melbourne, Florida. Completed in 2003, the property features a two-story, concrete block design with direct access units. The property features some of the largest floorplans in the submarket at 1,154 square feet on average. Princeton Parc’s location within West Melbourne is a magnet for employees working in the growing aerospace and tech space. The property is less than one mile from I-95 and provides a short commute to the area’s largest employers including Health First, Harris Corporation, Northrop Grumman, Lockheed Martin and Patrick Air Force Base.

Princeton Parc
200 Units
4714 Crosswind Court
Melbourne, FL  32904
Posted: 8/7/2019

Cushman & Wakefield as exclusive advisor, is pleased to present Serramar, a 302-unit value-add multifamily community in Fort Lauderdale, Florida. Completed in 1986 the property features a two-story design with direct-access units. The gated community is set on over 18 acres, providing a low density of 16 units per acre. The property features a mix of different finish levels from renovations that were done in the past – although most of the units would benefit from a comprehensive in-unit upgrade program. Current ownership has renovated 71 units and is achieving premiums of approximately $150.

Serramar is adjacent to the Inverrary Country Club and surrounded by lakes allowing for added view premiums. The property has excellent drive-by visibility along Oakland Park Boulevard (over 52,500 cars daily). Residents are centrally located to the major employment centers of Fort Lauderdale, Sunrise, Plantation, and Cypress Creek with a total of over 31.8 million square feet of office space.

302 Units
6701 W. Oakland Park Blvd
Lauderhill, FL  33313
Type: Conventional
Posted: 6/3/2019

Cushman & Wakefield, as exclusive advisor, is pleased to present the investment opportunity to acquire Ventura Pointe – a premier 206-unit apartment home community located in Pembroke Pines, Florida. The property is comprised of four- and five-story elevatored garden buildings with an average unit size of 958 square feet.

Ventura Pointe is centrally located in Pembroke Pines and provides convenient access to the employment markets of Miramar, Plantation, Sunrise and the South Florida Education Corridor. The property is also adjacent to the 301-bed Memorial Hospital Pembroke. Located on University Drive with drive-by exposure to 53,000 cars, residents have excellent access to retail and entertainment along the corridor with a new Lucky’s Market opening less than one mile from the property. Ventura Pointe opened in April 2018 and is finalizing its lease-up.

Ventura Pointe
206 Units
7850 Pasadena Blvd.
Pembroke Pines, FL  33024
Posted: 5/13/2019
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."
45 Winwood
45 NW 24th St
Miami, FL  33180
Posted: 4/17/2019
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.
925-965 Marseille Drive
27 Units
925-965 Marseille Drive
Miami Beach, FL  33141
Type: Conventional
Posted: 9/20/2017
The Cushman & Wakefield Multifamily Advisory Group is pleased to present Bay Harbor Collection, a fully renovated apartment rental in the heart of the highly desirable Bay Harbor Islands neighborhood. The property is in excellent condition. Ownership spent over $2 million in improving the property including upgrading all units with hurricane-impact windows, new doors, 18x18 tiled floor, new kitchen cabinets and countertops, updated air conditioners and updated bathroom vanities and tile. The buildings were recently painted and all handrails and pool fencing were replaced. The 33 units are spacious in size averaging 838 square feet including 1 studio, 23 one-bedrooms, 8 two-bedrooms and 1 three-bedroom. The 60,000 square foot site allows for multiple uses including rental, short-term rental, condo conversion or redevelopment.

The 33-unit Bay Harbor Collection is being offered as is. No offers will be entertained for a portion of the portfolio. However, Bay Harbor Collection can be purchased as part of a greater portfolio including four properties and totaling 133 units. For more information please contact Calum Weaver or Perry Synanidis.

Bay Harbor Collection
33 Units
9770-9800 E Bay Harbor Drive | 1050 98th Street
Bay Harbor Islands, FL  33154
Type: Conventional
Posted: 9/19/2017

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the listing of the 96-unit Village at Valencia apartment community located in Titusville, Florida. A total of 60 units have been upgraded with the addition of any combination of vinyl plank flooring, resurfaced countertops, new plumbing fixtures, new lighting fixtures, new kitchen cabinetry and bathroom vanities, plus either black or stainless-steel appliances. Current ownership has also invested a significant amount of capital into the exteriors and common area, totaling over $1 million. There is an opportunity to further capture a $101 effective rental premium by finishing proposed renovations on the remaining 36 units.

The Village at Valencia
96 Units
915 South Park Avenue
Titusville, FL  32796
Type: Conventional
Posted: 5/30/2019

Cushman & Wakefield, as exclusive advisor, is please to present the Victoria Park Townhome development site. The 40,500 square foot site is located ½ block south of Sunrise Boulevard in the highly desirable Victoria Park neighborhood of Ft Lauderdale. The site has preliminary drawings for an 18-townhome development totaling 45,840 sellable square feet or 2,547 sellable square feet per townhome. The zoning is RMM-25 which allows for residential multifamily midrise development of no more than 35 feet high. The max density is 25 units per acre- hence 23 units are allowable. The proposed townhomes feature 3 stories with elevators for an average townhome size of 2,547 SF.

The site currently has four duplexes, One Single Family Residence, and One Triplex that generate $172,000 in yearly gross income and $78,000 in expenses providing $94,000 in net operating income. The last lease expires January 2020.

Utilities and Services: all necessary utilities and public services including water, sewer, electricity and telephone are available in adequate capacity to support development on the site.

Victoria Park Townhomes Development Site
0.93 Acres
917 NE 21 Terrace
Fort Lauderdale, FL  33301
Type: Land
Posted: 2/11/2019