MIAMI—Homestead, FL is seeing more commercial real estate investor interest, especially on the residential front. With prices appreciating rapidly in Downtown Miami, Fort Lauderdale and other areas, Homestead is seeing more traction.
Against that backdrop, Cushman & Wakefield is marketing 78 condominium units at Caribbean Isle Villas in Homestead. CushWake executive managing director Calum Weaver is selling the assets on behalf of Miami-based investor BC Caribbean.
Weaver tells GlobeSt.com Caribbean Isle Villas offers investors the opportunity to acquire a significant block of high-quality residential product at prices well below replacement cost in one of South Florida's most performant markets. He is marketing 78 of the 252 total units in the condominium community.
“There is a shortage of housing stock in Miami-Dade County that is less than 10 years in age and can be purchased for less than $250,000,” says Weaver, who reports comparable condominium sales in the market at $150 per square foot. “More families are moving to the Homestead market as it remains one of the only places to acquire or rent newer product at more favorable terms.”
Built in 2007, Caribbean Isle Villas is well-maintained with a fully funded and ably managed homeowners' association. The property features one of South Florida's largest lagoon-style pools.
In the mix are 52 two-bedroom and two-bathroom units averaging 1,048 square feet, and 26 three bedroom and two-bathroom units averaging almost 1,200 square feet. The for-sale units total 85,575 square feet, averaging 1,100 square feet per unit. The units are 100% occupied.
Caribbean Isle Villas' sits at 2700 Pacific Boulevard Northeast. That location offers tenants immediate access to Florida's Turnpike and is less than one mile from Baptist Health's Homestead Hospital, one of Homestead's largest employers.
Meanwhile, a bulk condo deal also hit the market in a white hot Miami suburb. Get all the details.
MIAMI—Homestead, FL is seeing more commercial real estate investor interest, especially on the residential front. With prices appreciating rapidly in Downtown Miami, Fort Lauderdale and other areas, Homestead is seeing more traction.
Against that backdrop, Cushman & Wakefield is marketing 78 condominium units at Caribbean Isle Villas in Homestead. CushWake executive managing director Calum Weaver is selling the assets on behalf of Miami-based investor BC Caribbean.
Weaver tells GlobeSt.com Caribbean Isle Villas offers investors the opportunity to acquire a significant block of high-quality residential product at prices well below replacement cost in one of South Florida's most performant markets. He is marketing 78 of the 252 total units in the condominium community.
“There is a shortage of housing stock in Miami-Dade County that is less than 10 years in age and can be purchased for less than $250,000,” says Weaver, who reports comparable condominium sales in the market at $150 per square foot. “More families are moving to the Homestead market as it remains one of the only places to acquire or rent newer product at more favorable terms.”
Built in 2007, Caribbean Isle Villas is well-maintained with a fully funded and ably managed homeowners' association. The property features one of South Florida's largest lagoon-style pools.
In the mix are 52 two-bedroom and two-bathroom units averaging 1,048 square feet, and 26 three bedroom and two-bathroom units averaging almost 1,200 square feet. The for-sale units total 85,575 square feet, averaging 1,100 square feet per unit. The units are 100% occupied.
Caribbean Isle Villas' sits at 2700 Pacific Boulevard Northeast. That location offers tenants immediate access to Florida's Turnpike and is less than one mile from Baptist Health's Homestead Hospital, one of Homestead's largest employers.
Meanwhile, a bulk condo deal also hit the market in a white hot Miami suburb. Get all the details.
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