New Deal Alerts Hotels & Multifamily · Real Estate Pro Network

Stanley Carmant

Oct 1 in 🏠 Deal Opportunities

New Deal Alerts Hotels & Multifamily

________________________________________________

Miami Cadillac Hotel and Luxury Resort

Oceanfront 357 Keys - Fine Dining - Events

Miami Cadillac Hotel and Luxury Resort | Oceanfront

357 Keys - Fine Dining - Events - Pool Cabana/ RP 8.23

Asking price: $300,000,000 + 3% fee

3925 collins ave miami beach fl 33140

pof and bio required to receive info

Asset Manager has asked two things:

1. That a buyer give a written statement(can be one line) saying he understands that the purchase requires signing the existing franchise agreement with Marriott, which continues indefinitely.( I only recently heard of this "rider")

2. That the buyer give a soft LOI, or any indication of the price point he wishes to offer should the numbers work out for him.

____________________________________________________________________________

Champions Pointe Apartments

12335 Antoine, Houston, Texas 77067

Number of Units: 224

Avg Sq. Ft. / Unit:707 Class: "B- Property type: Year Built: 1984, 2 STORY, GARDEN STYLE APARTMENT 90% occupancy

Price: 11M + 3% Fee Seller is motivated Price is negotiable.

INVESTMENT INFORMATION: 1) CHAMPIONS POINTE - consists of 15 apt buildings with 224 units and a free-standing leasing office situated on 8 acres in an unincorporated part of northwest Houston. This area has a blue-collar workforce demographic, with housing in the area being mostly B and C-grade workforce housing. The property is surrounded by single-family residential neighborhoods, with only 4 apartment properties within a 1-mile radius of the property. Champions Pointe is individually metered for electricity and master metered for water and gas. There is a flat fee in place to recoup the water cost; at this time, there is no charge back in place for gas usage. The property is upgradeable which would allow upside in the rents.

2) Location & Accessibility - the subject property is located in the Camden Park residential neighborhood, which provides good access to toll roads, major freeways, employment areas, universities, public parks, recreation facilities, and medical facilities. The area has a large Hispanic influence. Due to the subjects' proximity to several large employment centers, demand for residential and commercial property is good and should remain high within the neighborhood. The time spent commuting to large employment centers is relatively short when compared to the average commuting time from other areas in the Houston area. The property is 3.4 miles west of IH-45, 3.7 miles East of Hwy 249, 2 miles south of FM 1960, and 1.8 miles north of Beltway 8. All of which are major arteries in the Houston Area. The Elementary and Middle schools are just down the street and both are just a short walking distance away from the property. The property has great visibility on Antoine and Spears Rd; both are major arteries in the area and are well-traveled. Veterans Memorial is within walking distance of the property and is lined with retail, grocery stores, eateries as well as financial institutions. The property has access to public transportation and has school bus pick up and drop off.

3) Strong Rent Growth - Possible Upside with continued interior and exterior upgrades. Champions Pointe is located in the Champions / Willowbrook area of an unincorporated part of the Northwest Houston MSA. This sub-market generally has strong average occupancies. To further increase potential income, a new owner could continue interior and exterior upgrades to allow for additional upside in the rents

Click on the links below to view pictures

Nice neighborhood Motivated seller

Documents: UPON REQUEST

BIO AND POF REQUIRED TO GET FINANCIALS

4 comments