West Palm Beach Office

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.

Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire Broadstone Oceanside (the “Property”) – an iconic 8-story midrise located on Pompano Beach’s A1A and overlooking the Atlantic Ocean and Intracoastal Waterway. Developed by Alliance Residential, the irreplaceable asset opened in October 2019 and is comprised of 211 luxury apartment homes. The Property was meticulously designed to provide residents elegant unit features and resort-style amenity space, while also having direct access to the beach.

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Doral 4200 (the “Property”) – a Class-AAA, 250-unit luxury apartment home community located in Doral, Florida. The property leased up at a record pace with an average velocity of 28 per units per month and was stabilized in eight months. Centrally located along Doral Boulevard and NW 107th Avenue, the property has exposure to 75,000 cars daily. Residents have access to over 3.4 million square feet of office space within two miles of the property while being less than five minutes from two billion dollar mixed-use projects of Downtown Doral and CityPlace Doral.

Doral 4200 is being offered for the first time by its developer, CC Residential and presents a rare opportunity to acquire a market leading apartment community in the epicenter of one of Miami’s fastest growing cities.

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.

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.

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.

290 Residences, Commercial Garage & Prime Retail

Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire Park-Line Palm Beaches (the “Property”) – a trophy 26-story residential high-rise developed as a part of the evolutionary Brightline Trains and overlooking the new Rosemary Square, Clematis Street, the Atlantic Ocean, Downtown West Palm Beach, and Palm Beach’s newest multi-tenant office building, 360 Rosemary. This coveted and irreplaceable asset opened in December 2018 and is comprised of 290 luxury residences, 790 parking spaces, of which 442 are master-leased to Brightline, and 13,235 square feet of ground floor, high-value retail. The property has exceptional onsite and neighborhood amenities from a 12th floor recreation deck with Intracoastal and Atlantic Ocean views to immediate walkability to Clematis Street, Rosemary Square, the newest Class-A offices in West Palm Beach, and direct walk-on walk-off ability to Brightline.

Cushman & Wakefield is pleased to present The Lumin Boca Raton, (the “Property”), a 180-unit, Class AA garden-style apartment community located in Boca Raton, Palm Beach County’s most dynamic business hub.

The Lumin Boca Raton was constructed in 2018 and features unparalleled apartment finishes and resort-quality community amenities, all of which result in a standard-setting asset that assures long-term demand and rental growth.

Locationally, The Lumin Boca Raton sits in the Park at Broken Sound, a 700-acre commercial, residential, and hospitality hub which has connections to all residential demand drivers such as top-tier employers, affluent demographics, top-ranked schools, and an unparalleled array of shopping, dining, and recreational lifestyle elements.

Cushman & Wakefield, as exclusive marketing advisor is pleased to present The Palms, a garden-style apartment community consisting of 340 units located in Davie, Florida. Completed in 1998 and set within a low density setting of 9 units per acre, the property features a mix of one, two and three-bedrooms with an average unit size of 987 square feet. The Palms’ Central Broward location, with direct access and exposure to I-595 (144,000 cars daily) allows it to benefit from the recently completed commuter infrastructure project with access to Plantation’s Midtown Business District, Sawgrass Corporate Park, Fort Lauderdale CBD, South Florida Education Center, Fort Lauderdale International Airport, and Port Everglades. Residents also benefit from access to A-rated public schools. The Palms has undergone renovations to 75% of its units and has been achieving premiums of $175. A future investor will be able to continue these renovations, as well as, further enhance the in-unit finish levels and generate additional income potential exceeding $445,000 per year.

We have suspended property tours and are postponing the request for offers.

Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire X Miami (the “Property”) – a 32-story, transit-oriented high rise located in globally renowned Downtown Miami, Florida. X Miami is the city’s premier rental apartment community that opened with much fanfare in the summer of 2018 and has since experienced a tremendous concession-free lease-up. The Property is composed of 464 luxury residences with 729 square feet of retail in the building’s lobby. The lobby retail includes on-site coffee bar Breezeblock Coffee and first-class restaurant Jaguar Sun.

First-tier cities, including Miami, have begun to experience an affordability challenge as new high-end and highly-amenitized products lack an affordable entry price point. X Miami’s innovative approach and creative design – through unit size and layout – addresses the problem of ever-increasing entry price points into highly urbanized markets. X Miami’s flexibility of accommodating both rent-by-bedroom (RBB) units and short-term rental (STR) operations at ownership’s discretion allows young urban professionals the opportunity to experience the vibrant downtown at an attractive and cost effective price, without sacrificing amenities or living experiences; in fact, they are provided a better one. RBB units are proving to be a great starting point for younger renters who then graduate within the building to full units as their needs and careers grow.

The Property’s downtown location presents an extremely rare acquisition opportunity, which a long-term investor will greatly benefit from owning due to the building’s quality and positioning. X Miami’s landmark location and adjacency to a Metromover station puts it at the forefront of the impending growth that Miami is experiencing in its ascent into a first-tier world-class city.

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.

THE LAST REMAINING OPPORTUNITY IN MIAMI WORLDCENTER

Cushman & Wakefield, as exclusive marketing advisor, is pleased to present the opportunity to acquire and develop 2945 S Military Trail, West Palm Beach, Fl (the “Site”): a 6.1-acres of land located within the Urban Infill (UI) zoning of the Unincorporated Palm Beach County zoning map. It is also located within the Urban Redevelopment Area Overlay (URAO) Urban Infill 2 (UI-2). Lastly, it is also located within the Priority Redevelopment Area (PRA).

The property is located in the Greenacres submarket of West Palm Beach. The property has access from Military Trail which has over 40,000 vehicles per day.

Cushman & Wakefield, as exclusive marketing advisors, are pleased to offer the sale of 88 Hundred Collins (the “Property”), a 0.65 Acre development site on Collins Avenue in Surfside, FL. The site allows for condo and hotel development. The site is being sold as-is and not subject to any plan changes.

88 Hundred provides a premium location at the entrance of Surfside, adjacent to the world renowned beaches. Beach access is easily accessible directly on 88 Street. Surfside is one of the most sought after destinations in South Florida. More stringent development requirements has limited new supply compared to Sunny Isles and Bay Harbor Island. Consequently, Surfside is close to all of the action while maintaining its character as an upscale beach town with great shops, restaurants and cafes.

Cushman & Wakefield as exclusive marketing advisor, is pleased to present the opportunity to acquire Olive Glen 154 out of 276 units in Pompano Beach. Built in 1979, the property is situated on +/- 20 acres just west of I-95 and walking distance to the Pompano Beach Tri-Rail Station.

The 154-units include 5 studios; 90 one bedrooms and 59 two bedroom units. Of the 154 units 104 are located in two story garden units and 50 are located in one-story, villa fourplexes. The units are 100% occupied with almost $1.9 million in current effective income. The units offer significant upside potential. The average in place rent is $984 per unit. Improved surrounding communities such as Pompano Palms and Windsor Forest are achieving rents of $200-$300 higher per month. The Condo Association has over $450,000 in reserves. The owner of the 154-units has 2 out of the 3 Condo Association board seats that can be transferred to a new owner.