Multifamily

University Club Apartments

3681 SW 60th Terrace, Davie, FL 33314

Listing Price: $9,280,000

Cap Rate
5.46%
Number of Units
58
GRM
10.62
Occupancy
95.0%
Price/Unit
$160,000
Price/Gross SF
$194.73
Gross SF
47,656

Investment Overview

The Town of Davie is called home for over 100,000 residents who live across a lush 35 square miles in Central Broward County. Davie is ideally located among major thoroughfares such as the Ronald Reagan Turnpike, I-595, I-75, and is within a few minutes travel to the Ft. Lauderdale/Hollywood International Airport and Florida's deepest port, Port Everglades. This location advantage has brought significant growth to the area over the past few decades. The Town of Davie has held on to the historical past of being a Western town whilst embracing the new and rapid development in the area. This is evidenced by extensive Class A Apartment Construction in the area and the ability to enjoy entertainment such as the Bergeron Rodeo. Open green spaces, numerous parks and over 165 miles of trail system in an equestrian environment are amenities that make the Town of Davie so unique.
Key economic drivers in the area include, not only significant industrial and office centers, but also an immense presence of Colleges and Universities. A few blocks to the west of University Club Apartments is a 314-acre campus that features Nova Southeastern University, Florida Atlantic University, Broward College and other branch sites for Florida Universities. Combined over 67,000 students attend the campus. The Town of Davie is a nexus of higher education in South Florida and provides an innate need for housing. The Miami Dolphins also maintain a world class training facility at the campus.
Full-time enrollment in the health professions is growing, and it continues to grow, said Irv Rosenbaum, an executive dean at Nova. It looks like the hospital is going to be built this year. That in itself is going to create a demand for housing. Were going to have an increased demand for housing as a whole, for students and faculty who work here.

Investment Highlights

  • Excellent Unit Mix of Four (4) One-Bedroom and 54 Two-Bedroom Units
  • Central Air Conditioning Throughout
  • Walking Distance to Nova Southeastern University, Nova High School, And FAU Davie
  • Units Individually Metered for Water and Electric

Exclusively Listed By

Financing By

Multifamily

University Club Apartments

Listing Price: $9,280,000

Cap Rate
5.46%
Number of Units
58
GRM
10.62
Occupancy
95.0%
Price/Unit
$160,000
Price/Gross SF
$194.73
Gross SF
47,656

Investment Highlights

  • Excellent Unit Mix of Four (4) One-Bedroom and 54 Two-Bedroom Units
  • Central Air Conditioning Throughout
  • Walking Distance to Nova Southeastern University, Nova High School, And FAU Davie
  • Units Individually Metered for Water and Electric

Investment Overview

The Town of Davie is called home for over 100,000 residents who live across a lush 35 square miles in Central Broward County. Davie is ideally located among major thoroughfares such as the Ronald Reagan Turnpike, I-595, I-75, and is within a few minutes travel to the Ft. Lauderdale/Hollywood International Airport and Florida's deepest port, Port Everglades. This location advantage has brought significant growth to the area over the past few decades. The Town of Davie has held on to the historical past of being a Western town whilst embracing the new and rapid development in the area. This is evidenced by extensive Class A Apartment Construction in the area and the ability to enjoy entertainment such as the Bergeron Rodeo. Open green spaces, numerous parks and over 165 miles of trail system in an equestrian environment are amenities that make the Town of Davie so unique.
Key economic drivers in the area include, not only significant industrial and office centers, but also an immense presence of Colleges and Universities. A few blocks to the west of University Club Apartments is a 314-acre campus that features Nova Southeastern University, Florida Atlantic University, Broward College and other branch sites for Florida Universities. Combined over 67,000 students attend the campus. The Town of Davie is a nexus of higher education in South Florida and provides an innate need for housing. The Miami Dolphins also maintain a world class training facility at the campus.
Full-time enrollment in the health professions is growing, and it continues to grow, said Irv Rosenbaum, an executive dean at Nova. It looks like the hospital is going to be built this year. That in itself is going to create a demand for housing. Were going to have an increased demand for housing as a whole, for students and faculty who work here.

Exclusively Listed By

Financing By

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