West Palm Beach Office

Aliro offers a tremendous value-add investment opportunity because of its economies of scale, proven performance, and upside. Ownership has spent millions in recent capital improvements and has completed 338 in-unit renovations leaving 531 classic units available to be renovated by future ownership.

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 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 advisor, is pleased to present the opportunity to acquire Lazul – the premier midrise apartment community in North Miami Beach, Florida. Comprising 349 apartment homes, this 8-story multifamily building opened in October 2018. The property experienced strong absorption and is nearing the end of its lease-up; it is currently 90% occupied. With a 91 Walk Score, the property has access to the rapidly expanding nearby amenities. The Biscayne Corridor has seen a rapid influx of development with office and retail to the north in Aventura and the $4B Sole Mia project to the south. Developed by Eden Multifamily, the property sets the standard for luxury apartment living with market leading finishes and amenities.

THE LAST REMAINING OPPORTUNITY IN MIAMI WORLDCENTER

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 $101,738 creating a rent-to-income ratio of 21.8%. 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, 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 13,074 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.

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 marketing advisor, is pleased to present the Port Royale Apartments, a 553-unit apartment community located along the Intracoastal Waterway in Fort Lauderdale, Florida. This exclusive waterfront investment opportunity spans approximately 22 acres and features a midrise building with 161-units nestled along 380 feet of water frontage along with 392 garden style units graciously spread across 16 acres. The Port Royale Apartments were developed between 1988-1990 and today are part of an HOA which also includes 230 private condominiums in a single 20-story tower, 555 luxury rental units developed in 2017 and a 64-slip private marina. The 22 acre site is entitled for a total of 845 units, thus there remains the opportunity to develop an additional 292 units. To date, roughly 80% of the Property’s units have been renovated achieving average rent increases of $220. Port Royale represents a very unique investment opportunity in which a buyer can implement several complementary investment strategies to achieve outsized returns.

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.