THERE IS NO COOPERATING BROKERAGE FEE AVAILABLE, ALL BROKERS MUST BE PAID BY THEIR CLIENT PROCESS WILL OPEN TO BROKERS SEPTEMBER 25TH - UNTIL THAT DATE THE PROCESS WILL ONLY BE OPEN TO PRINCIPALS DIRECT - NO BROKER SIGNED CONFIDENTIALITY AGREEMENTS WILL BE ACCEPTED.
- Unique value-add multifamily community featuring 314 units on a vast ± 13.8-acre site in a high barrier-to-entry location in the Miami Metro
- Ideal unit mix: 76% two-and three bedroom floor plans
- Average in-place rent ($1,783) is at a 13.0% discount ($2,050) to comparable properties and 31.1% discount ($2,586) to the Miami Metro
- The Property’s average 5-year occupancy (98.6%) is above the 3-mile (95.4%) and Miami Metro (96.6%) averages
- $3.7+ million in capital improvements invested since 2020, including community ($2.5 M) and interior ($1.2 M) upgrades
- Dense trade area: 4.8 M SF office, 8.6 M SF retail, 17.0 M SF industrial & flex within 3 miles
- Major immediate trade area highlights include Hard Rock Stadium (65,000 seats), Aventura Mall (2.8 M SF), and Gulfstream Park (200+ acres for retail & entertainment)
- Over 1 million jobs within a 30-minute drive including Miami & Fort Lauderdale CBDs, two international airports and two cruise & cargo ports