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Featured Properties For Sale
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Purdy Pines
West Palm Beach, FL
31 Apartment Units
$2,500,000
- 31 Units: 29 Two-Bedroom/Two-Bath and 2 Three-Bedroom/Two-Bath
- Very Well Maintained
- Long-Term Tenants in Place
- New Roofs, Appliances, Carpet and Paint
- Elementary School Next Door
- Close Proximity to Grocery Stores, Wellington Mall, Okaheelee Park, PBI
- Perimeter of Property Gated
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Midtown at Forest Acres
Columbia, SC
690,000 SF Mall Repositioning Opportunity
$37,500,000
- Value-Add-Repositioning-Redevelopment Opportunity
- Regional Shopping Center at 59 Percent Occupancy
- Priced at $55/Square Foot
- Current Rents Well Below Market
- Among National Tenants - Belk, Barnes & Noble and Regal Cinema
- Columbia, SC Central Location with High Barriers to Entry
- 2,790-Space Parking Garage
- Three Miles from Fort Jackson (U.S. Army Largest Training Center)
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Pinetree Plaza
Thomasville, GA
Value-Add Retail Center
$2,800,000
- Value-Add Opportunity Priced at $37.72/SF
- Shadow Anchored by Fred's Discount Department Store
- Part of 250,000 Square Foot Shopping Destination with Major Renovations Underway in Nearby Area
- Relatively Low Property Taxes (Thomas County, GA)
- 35 Miles from Tallahassee
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9000 Regency Square
Jacksonville, FL
34,000 SF Office
$2,500,000
- 34,000-Square Foot Office
- Excellent Condition
- Current Occupancy of 82%
- Current Cap Rate of 8.39%
- Current Cash-on-Cash of 8.92%
- Priced at $73.33/SF
- Free & Clear of Debt
- True Value-Add Opportunity
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Cedarbridge Town Center
Lakewood, NJ
142 Acre Mixed Use Development Opportunity
Price/Value will be determined in a joint venture arrangement with a national-scale developer who will bring national tenants to the project.
- 142 Acres of Prime Development Land in the College Town of Lakewood, NJ
- Centrally Located between New York City, Atlantic City and Philadelphia
- Site infrastructure, including utilities, roads, sewer, water, drainage basins, in place ($10-$12 Million already invested)
- Seller Will Consider Joint Venture with Developer and Long-Term Land Lease
- Support from Local Government with Site Plan Flexibility for Developer
- One of the Fastest-Growing Municipalities in the State with Many Business Incentives Available
- The Colleges Contributing to the Economic Impact of the Region are Beth Medrash Govoha and Georgian Court University
- Lakewood Blueclaws (Philadelphia Phillies Farm Club) Stadium is an Existing Anchor to this Development
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The Gardens Apartments
Opa Locka, FL
$17,500,000
- Units: 328
- Price per unit: $53,354
- Price per square foot: $52.61
- Year built: 1971/1992
- Cap Rate - Current: 7.20%
- Cap Rate - Pro Forma: 10.14%
- GRM - Current: 5.44
- GRM - Pro Forma: 4.73
- 100% occupancy
- Superior mix of units: over 80% 2, 3, 4 bedroom units
- All roofs recently replaced
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Bill Kohlhepp, CCIM, Senior Associate
Marcus & Millichap
5900 N. Andrews Ave, Suite 100 • Fort Lauderdale, FL 33309
Office 954-245-3457 • Direct Cell 561-252-2580
Email Bill Kohlhepp
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