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Cushman & Wakefield, as exclusive marketing advisor, is pleased to offer for sale, 255 NE 1st St (the “Property”); a covered-land or existing income opportunity located in the heart of downtown Miami, surrounded by more than 6M sf of Class A & B office product, over 40,000 residential units, and 9.2M sf of retail.The offering is a 7-story, 257,712-sf parking facility with 756 spaces that is just steps from the Miami-Dade County and Federal courthouses, Bayside Marketplace, Bayfront and Museum Parks, the $4+ billion mixed-use development Miami Worldcenter and the brand-new MiamiCentral development. A Miami Metromover stop is adjacent to the site, conveniently connecting parkers and residents with access to all of South Florida. The Property’s zoning of T6-80-O, the most intensive zoning designation in Miami’s urban core, allows for the development of a multitude of uses including high-rise residential, hospitality, office and retail.
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255 NE 1st Street
   
255 NE 1st Street
Miami, FL  33132
Closed: 10/23/2018

Cushman & Wakefield, as exclusive advisor, is pleased to present an exceptional investment opportunity to acquire Luzano – a 404 unit, Class A, trophy residential asset located within Pompano Beach, Florida. This brand new asset is being offered for the first time by its developer, nationally recognized ZOM Living. The central Broward County location is a magnet for employees working in Boca Raton, Cypress Creek, Plantation/Sunrise, and downtown Fort Lauderdale. Located just east of the Florida’s Turnpike on Atlantic Boulevard, the property boasts excellent visibility and connectivity to all of the major cities in South Florida. Luzano represents the newest generation of apartments with best-in-class amenities and finishes. Located in the path of growth, the area will continue to see trending demographics as evidenced by the adjacent land which includes a single family community with 150 homes, a 210 unit apartment community, and a $20 million sports park.

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Luzano
404 Units
100 NW 33rd Terrace
Pompano Beach, FL  33069
Closed: 10/23/2018
Cushman & Wakefield, as exclusive advisor, is pleased to present a multifamily investment opportunity to acquire The Place at Dania Beach (the “Property”) – a new construction, luxury midrise apartment development of 144 homes and 6,771 square feet of retail located on Dania Beach Boulevard just east of Federal Highway/US-1 in Dania Beach, Florida.The property is comprised of one seven-story building with a rooftop pool and amenity deck with units averaging 890 square feet and is serviced by a parking garage.

The Place at Dania Beach’s location is well connected via its walkable amenities and proximity to major employers. The Property’s Walkscore of 84 is substantiated by its proximity to a number of retailers and restaurants, Bravo Supermarket (opening soon), Publix Supermarket, The Casino at Dania Beach (recently completed a $64 million renovation), Frost Park, and Dania Beach Ocean Park along the Atlantic Ocean. Regarding major employers, in 20 minutes or less, The Place at Dania Beach is connected to over 500,000 jobs in submarkets such as Sunrise/Plantation, Aventura, and Fort Lauderdale through Cypress Creek. Notably, the Design Center of the Americas (home to Chewy.com), Fort Lauderdale International Airport, Port Everglades, and downtown Fort Lauderdale are exceptional demand drivers for the Property and can be reached in under 10 minutes.

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The Place at Dania Beach
144 Units
180 East Dania Beach Boulevard
Dania Beach, FL  33004
Closed: 10/1/2018

Cushman & Wakefield, as exclusive advisor, is pleased to present a multifamily investment opportunity to acquire The Atlantic Delray (the "Property") - an increasingly scarce, new construction, luxury garden apartment development of 346 homes in the highly desired community of Delray Beach, Florida. The property is comprised of thirteen three-story buildings and two two-story buildings with walk-up units averaging 1,048 square feet that are serviced by surface parking, attached garages, and detached garages. The Atlantic Delray is located in emerging West Delray, just north of Atlantic Avenue and west of Military Trail. The community is minutes from millions of square feet of high-paying jobs in Boca Raton and Downtown Delray Beach - the heart of the Palm Beach social scene. With its central location within Palm Beach County, Delray Beach has become one of South Florida's most dynamic live and work environments. The property opened in May 2017 and has quickly moved through the lease-up process in part due to its market-leading luxury finishes and unmatched amenity offering and a rare low-density setting of 11 units per acre.

Please contact a Cushman & Wakefield professional for more information.

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The Atlantic Delray
346 Units
14050 Pacific Pointe Place
Delray Beach, FL  33484
Closed: 9/27/2018

Cushman & Wakefield, as exclusive advisor, is pleased to present a multifamily investment opportunity to acquire Vista Verde (the "Property") - a 302-unit, value-add residential asset located in rarely traded Miami, Florida. The two and three-story surface parked property was built in 1993 and sits adjacent to a Publix-anchored shopping center and across SW 107th Avenue from Florida International University (FIU) the fourth largest university in the United States with a growing enrollment currently at 55,000 students.

The property is currently implementing an in-unit renovation program of which they have fully renovated 16 units. The last 60 renovated units ("full" and "partial") have achieved average monthly rent premiums of $188 per unit per month. Cushman & Wakefield estimates that by completing the in-unit renovation program, a future investor could generate additional annual cash flow of over $475,000. This would allow for an increased return potential. Notable renovations include adding stainless steel appliances, granite counters, removing popcorn from the ceilings, new flooring, new cabinetry, and sinks. A new investor can further enhance cash flows by continuing this program.

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Vista Verde at Westchester
302 Units
10495 SW 14th Terrace
Miami, FL  33174
Type: Conventional
Closed: 8/16/2018

Cushman & Wakefield, as exclusive advisor, is pleased to present an exceptional investment opportunity to acquire Royal Oaks Townhomes (the “Property”) – a 69-unit, luxury townhome community located in Hollywood, Florida. Completed in 2009, Royal Oaks offers the rare opportunity to acquire a boutique, luxury townhome community without any HOA obligations. The property is 97% occupied and offers oversized three-bedroom, two and one-half bathroom floor plans with 1,695 square feet of living space in two levels (excluding garage space). All of the residences include a private direct access garage, terraces and balconies accented by decorative wrought iron railings, and a semi private back yard. Market rents are $2,490 or $2,061,000 per year.

Royal Oaks Townhomes was originally designed as a “for sale” townhome community but no units were ever sold and the community has been operated as a luxury rental since it was completed. All interiors are luxuriously appointed with features and finishes one would expect to find in high end custom homes. Tenants within Royal Oaks average over $90,000 in household income, which is over three times the market rent. The property is adjacent to Emerald Hills which has homes selling for as high as $3 Million.

Royal Oaks Townhomes is located on the south side of Stirling Road approximately half mile west of Interstate 95 and about three miles east of the Florida’s Turnpike. In addition the property is equally 1 mile from South Florida’s expanding Tri-Rail two stations, Fort Lauderdale Airport Station to the north and Sheridan Station to the South. With a new link to downtown Miami coming online later in 2019, the railway will improve connectivity for residents and establish the community as a true rental alternative to downtown Miami’s high rent apartments.

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Royal Oaks
   
3200 Stirling Road
Hollywood, FL  33021
Closed: 8/1/2018

Cushman & Wakefield, as exclusive advisor, is pleased to present an exceptional investment opportunity to acquire Santorini– a 226-unit, Class A, mid-rise asset located in Boynton Beach, Florida. Santorini is currently under construction with anticipated Certificate of Occupancy scheduled for January 2018. The property is located in Renaissance Commons, the premier mixed-use PUD in Boynton Beach, Florida. Within the PUD, residents are able to take advantage of 130,000 square feet of retail shopping and fine dining selections. There is also 200,000 square feet of office space in the PUD. Immediately adjacent to the property is Boynton Town Center which features 400,000 square feet of retail; across the street is the Boynton Beach Mall, which offers 1.2 million square feet of retail.

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Santorini
226 Units
1645 Renaissance Commons Blvd.
Boynton Beach, FL  33426
Closed: 6/20/2018

Cushman & Wakefield, as exclusive advisor, is pleased to present an exceptional investment opportunity to acquire IMT Florida Club – a 264-unit, value-add residential asset located in Boynton Beach, Florida. Situated on over 17.5 acres, IMT Florida Club offers a mix of one, two and three-bedroom units with a market leading average unit size of 1,143 square feet. Developed in 2001, the property has been impeccably maintained and is positioned for a future investor to modernize the interiors by implementing an in-unit renovation program. With an average occupancy rate of almost 96% over the last 12 months, there is an opportunity to push rents allowing a new owner to further enhance their returns on an asset with an already proven cash flow stream.

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IMT Florida Club
264 Units
7933 Venture Center Way
Boynton Beach, FL  33437
Closed: 5/24/2018

Plantation at Walden Lake is a 352-unit, garden apartment community located in Plant City, Florida. The property was constructed in phases from 1990-1994, consisting of 23, two-story apartment buildings situated on 43+ acres. The Property offers a mix of well-appointed one-, two- and three-bedroom apartments along with a comprehensive array of recreational and community amenities.

Plantation at Walden Lake has had the benefit of attentive, professional management and the property is in excellent physical condition. During the past 3 years, the seller has invested $1.8 million in capital improvements, including community amenity enhancements and interior updates to 43 (12%) of the units. The significant number of un-renovated units positions Plantation at Walden Lake as an exciting value-add investment opportunity.

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Plantation at Walden Lake
352 Units
1400 Plantation Boulevard
Plant City, FL  33567
Closed: 4/19/2018

Cushman & Wakefield, as exclusive marketing advisor, is pleased to present The House Residence at 250 Collins, 27 fully renovated residences located at 250 Collins Avenue in the heart of South Beach. The property allows for multiple investment strategies including hotel, apartments, short-term rentals, condo-conversion and condo hotel. The property has just completed a multi-year renovation which offers ultra high-end finishes including custom kitchens with quartz counters, high-end white lacquered cabinets and Miele appliance packages. Added into the redesign are a third floor glass penthouse level and a fourth floor roof top pool and sun deck. This truly is a turnkey, high-end boutique residence that does not exist South of 5th on Miami Beach.

The property provides spacious units averaging 702 square feet including 16 1bd/ba; 8 2bd/2ba; and 3bd/2ba units. 250 Collins is located in SOFI (South of Fifth) neighborhood, which is considered the most desirable in South Beach.

The property will be offered branded as The House Residence, a well-established international hospitality brand of hotels and residences. The brand translates into access to repeat Miami visitors from Europe and the Middle East as well as The House Collection’s international database of 40,000+ contacts. While the property is offered as a branded House Residence, if a purchaser has alternative plans for the property, this can be easily facilitated.

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250 Collins
27 Units
250 Collins
Miami Beach, FL  33139
Closed: 3/12/2018

Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire Murano at Grande Lakes (the Property). Murano is an iconic suburban residential mid-rise located in South Orlando, just south of the Beachline Expressway directly across John Young Parkway from Darden Restaurants 650,000 corporate Headquarters, and just north of the 500-room Ritz Carlton and 1,000-room, JW Marriott. It is strategically located between Orlando’s International Drive Tourist Corridor and the Orlando International Airport.

Murano is where luxury living meets a premier Orlando location. This coveted and irreplaceable four-story, surfaced parked asset opened in April 2016 and comprises 240 luxury apartment homes and 434 parking spaces. Upgraded finishes and resort-style amenities blend modern living with all the traditions of home.

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Murano
240 Units
9932 Grande Lakes Blvd
Orlando, FL  32837
Type: Conventional
Closed: 2/20/2018
Parc Station is a recently completed, 336-unit, trophy residential asset located in East Hollywood, Florida. The property meets the Bronze level of the National Green Building Standard. Parc Station represents the first three-story, suburban Transit Oriented Development (TOD) to be built and marketed in the current development cycle. The property offers residents walk-on/walk-off access to South Florida’s expanding Tri-Rail. With 42% of residents working in Miami-Dade and a new link to downtown Miami coming online in 1Q 2018, the railway will improve connectivity for residents and establish the community as a true rental alternative to downtown Miami’s high rent apartments. The property has exposure to I-95 with over 244,000 cars passing daily. With its convenient highway access, residents who chose to drive have expanded connectivity throughout the region. The strength of the area is evident by Kimco’s commitment on the $1 billion Dania Pointe mixed-use development project currently underway. The property received its final CO in December 2016 and is finalizing its lease-up with average household incomes over $94,000.
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Parc Station
336 Units
2300 N. 29th Avenue
Hollywood, FL  33020
Closed: 12/11/2017