West Palm Beach, FL
Palm Beach County
54
Townhomes
2024
Completed
Property
Highlights
- Property Name
- Address
- City, State, Zip Code
- Units
- Year of Completion
- Avg. Unit Size
- Leased
- Leased Rents
- Leased Rent PSF
- Product Type
Investment
Highlights
Rare Palm Beach County BTR Investment Opportunity
One of only three market-rate, amenitized BTR communities over 50 units to deliver in Palm Beach over the last decade, due to extreme barriers-to-entry
Premium construction quality & timeless design
Two-story, concrete constructed townhome asset offering spacious floorplans, modern interior finishes & a dedicated amenity footprint
Compelling upside profile
Generated via post-stabilization rent growth, concession burnoff, and light value enhancement opportunities (ie, fencing backyards)
Well-Heeled Resident Demographics
$150K avg. household income (on-site); In-place rents represent a 51% monthly discount to homeownership at surrounding median home values of $611K
Infill Suburban Location, Central to Palm Beach’s Key Employment & Lifestyle Destinations
Situated between I-95 & Florida’s Turnpike, residents enjoy convenient access in 15 minutes or less to Downtown West Palm Beach, Palm Beach Int’l Airport (PBI), Downtown Lake Worth, and Palm Beach / Lake Worth Beach
Palm Beach County
“The Wall Street of the South”
GALLERY
Contact
Miami
1111 Brickell Ave
Suite 1650
Miami, FL 33131
Investment Advisors
JARET TURKELL
Senior Managing Director · Boca Raton
[email protected]
561.609.4001
OMAR MORALES
Senior Director · Miami
[email protected]
786.646.25934
YOAV YUHJTMAN
Senior Director · Boca Raton
[email protected]
561.609.4014
GABRIEL RONDON
Financial Analyst
305.260.4942
[email protected]
Mortgage Banking
WES MOCZUL
Associate Director · Orlando
[email protected]
407.481.0030
ALEC FOX
Director · Tampa
alec.fox@berkadia.com
727.871.9576
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
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