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Call For Bids - for Westmorland Shopping Centre, Kendal
2017-06-14 14:10:23
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19-Year NNN Lease | New Construction | PetSuites | Attractive Rent Increases | Industry-Leading Operator | Corporate Guarantee | Upscale Atlanta MSA
2017-06-13 21:05:19
cbre@rcm1.com
Charlotte, NC | Monroe Business Park | Rare Infill Value-Add Opportunity
2017-06-13 18:32:10
cbre@rcm1.com
Heather Lake and The Courts at Yorkshire Downs | Offering Memorandum Now Available
2017-06-12 20:00:51
cbre@rcm1.com
For Sale | Melrose Place :: 421 Unit Investment Opportunity in Jackson, MS | $5,900,000 ($14,014/Unit)
2017-06-12 18:04:16
cbre@rcm1.com
CALL FOR OFFERS Tuesday, June 13, 2017 :: 5-Property | 892-Units Multifamily Portfolio in Dallas/Fort Worth, Texas
2017-06-08 16:19:23
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CALL FOR OFFERS | Trophy Milwaukee CBD Office-Retail-Parking Asset with Significant Upside
2017-06-08 15:50:36
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For Sale: 233,862 SF Kohl's & Dick's Sporting Goods Anchored Power Center
2017-06-05 13:15:26
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OM NOW AVAILABLE: EVIVA Midtown - 118 Units - Sacramento, California
2017-05-30 16:51:20
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REMINDER Offers Due Next Week: Savannah Court Apartments - 195 Units - Sacramento, California
2017-05-18 17:02:12
cbre@rcm1.com
OFFERS DUE 6/2: 270 Unit Value Add In High-Tech Hub (Lighthouse Pointe, Central Florida)
2017-05-16 16:03:11
To: jose-1256@1000rebates.stream
From: cbre@rcm1.com (sender info)
Subject:

OFFERS DUE 6/2: 270 Unit Value Add In High-Tech Hub (Lighthouse Pointe, Central Florida)


Received: 2017-05-16 16:03:11 (1 sec.) Created: 2017-05-16 16:03:10
FOR SALE
Lighthouse Pointe
MELBOURNE/PALM BAY
THE OFFERING
CBRE is pleased to present Lighthouse Pointe, a 270-unit value add opportunity in the heart of Central Florida’s booming high-tech corridor.  Just one hour from Orlando, Lighthouse Pointe is located across from the Indian River and just minutes from major white-collar employers such as Harris Corp., Lockheed Martin, Embraer, Blue Origin, Space X and Northrup Grumman. Upgraded units at nearby properties are generating rent premiums of $150/month, and new ownership has the tremendous opportunity to increase revenue through modest enhancements moving forward.
 
INVESTMENT HIGHLIGHTS
  • Strong value-add upside potential
  • Located in Central Florida’s high-tech corridor
  • Top employment hubs nearby (within 20 mins of 100K jobs)
  • Brevard County has the 5th most concentrated high-tech workforce in the U.S.
  • Easy access to I-95 and main thoroughfares in the region
  • 15 minutes to Melbourne International Airport
  • Near top-rated schools
  • Minutes from the gorgeous Atlantic beaches
  • Near top shopping/dining destinations
  • 10.3% rent growth in the Brevard County Market over the past year (Jan-2017)
  • Spacious units averaging 1,122 SF
Property Address  3350 Wedgewood Drive NE
Palm Bay, FL 32905
Melbourne Area, Brevard County
Product Type Garden, Three-story Walk-up
Number of Units 270
Year Built 1985
Average Unit Size 1,122 SF
Net Rentable Area 302,904 SF
Occupancy 99%
CONTACT INFORMATION
Shelton Granade Luke Wickham Justin Basquill
Vice Chairman
+1 407 839 3103
Senior Vice President
+1 407 839 3130
Senior Associate
+1 407 839 3169
luke.wickham@cbre.com justin.basquill@cbre.com
THIS IS A MARKETING COMMUNICATION

© 2017 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.  

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