Tampa Office

The Florida Multifamily Group of Cushman & Wakefield is proud to present the exclusive offering of the 49th Street Apartments, a 286-unit value-add community in Pinellas Park, FL. Located in the most densely populated county of Florida, the property lies in a central part of the Tampa Bay region just north of St. Petersburg nearby the Gateway Business District with over 2,700 businesses and 60,000 employees in the vicinity. The property is well built of concrete block construction with concrete subfloors and boasts an attractive unit mix of 17% one-bedroom and 83% two-bedroom floor plans, most of which have been upgraded to a luxury standard finish level. The property has seen phenomenal performance over the last year with a 5% physical vacancy and an over 8% increase in net rental income, outpacing both the submarket and Tampa Bay averages. With optionality to purchase the property free and clear or subject to a Freddie Mac loan at 3.59% and ability to place new supplemental debt, the property presents an excellent opportunity to acquire a well-performing asset with strong in-place cash flow and future upside through strategic additional renovations.

The Cushman & Wakefield Florida Multifamily Group is pleased to present the exclusive offering of Compton Place, a 384-unit multifamily community located in Tampa, Florida. The property boasts some of the largest floor plans in the submarket at an average size of 1,234 SF with 9’ (or higher) ceiling heights throughout and open kitchen floor plans. The units feature classic finish levels offering a generational opportunity to renovate 100% of the units to luxury standards with ability to achieve a $290 effective rent premium. The property benefits from strong demographics in the vicinity, highly rated zoned schools and being situated minutes from 1,000’s of employers such as USAA, three major hospitals, the University of South Florida and substantial nearby retail and points of interest

The Florida Multifamily Group of Cushman & Wakefield is proud to present the exclusive offering of Marbella Park, a 120-unit value-add community in Orlando, FL. Located in northwest Orlando, the property has phenomenal connectivity to major employment hubs such as Winter Park, Lake Mary, Altamonte Springs, and the downtown Orlando CBD – all accessible within a 20-minute drive. The property is well built of concrete block construction and boasts an attractive unit mix of the largest floor plans in the submarket with 33% one-bedroom and 67% two-bedrooms, most of which have been upgraded to a luxury standard. The property has seen phenomenal performance over the last year with a 6% physical vacancy and an over 8% increase in net rental income, outpacing both the submarket and Orlando MSA averages. With optionality to purchase the property free and clear or subject to a Freddie Mac loan at 3.38% and ability to place new supplemental debt, the property presents an excellent opportunity to acquire a well-performing asset with strong in-place cash flow and future upside through strategic additional renovations.