6857 College Ct
Davie, FL 33317
140
Units
1996
Built
Executive Summary
140-Unit, Light Value-Add Opportunity in Davie, South Florida’s Education Hub
Berkadia Real Estate Advisors (“BREA”) is pleased to exclusively offer Nova Central, a 140-unit, garden-style property located in Davie, Florida. The property is ideally located near over 9 million square feet of retail, including daily essentials such as Trader Joe’s, Whole Foods, and Publix, and convenient retail like Costco.
The property recently underwent a $1.5 million renovation with ownership upgrading unit interiors, resurfacing the pool, upgrading fitness equipment, and more. Further upside remains available; the property currently has 11 units with quartz countertops and upgraded flooring, on average renting $100 higher than units with classic countertops and flooring, and at a $50 premium to units with classic countertops only. A buyer is also able to add smart home features to the property for an estimated $35/month premium.
Investment Highlights
1
$100+ rent premium through light value-add
2
Highly desirable and oversized, 100% two-bedroom unit mix with 9' ceilings
3
$1.5M in Capex recently completed
4
A/B spread insulating property from future supply
5
Access to over 9 million square feet of retail
6
At the center of South Florida’s education center
Photo Gallery
Contact
Miami
1111 Brickell Ave
Suite 1650
Miami, FL 33131
Boca Raton
5100 Town Center Circle
Suite 550
Boca Raton, FL 33486
INVESTMENT SALES
Jaret Turkell
Senior Managing Director
561.573.6140
[email protected]
Omar Morales
Director
305.878.2278
[email protected]
Yoav Yuhjtman
Senior Director
786.853.5555
[email protected]
David Greenburg
Financial Analyst
305.260.4973
[email protected]
Financing
Mitch Sinberg
Senior Managing Director
561.609.4006
[email protected]
Matthew Robbins
Managing Director
561.609.4008
[email protected]
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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