Property Description
Link to Offering Memorandum
Property Description
Croissant Park Apartments is a twelve unit Multifamily opportunity in beautiful Fort Lauderdale, Florida. This property is well located and features convenient access to Downtown Fort Lauderdale, Fort Lauderdale Beach, and the Fort Lauderdale-Hollywood International Airport. Demand for multifamily units like this provides an incredibly high floor or residential income real estate with an ability to execute a high end renovation strategy. Croissant Park Apartments has seen renovations that include new flooring, new kitchens, impact windows and doors to name a few.
The rental market in Fort Lauderdale continues to grow at a pace with very few rivals nationally. People are flocking to this city of the future at a remarkable pace. The perfect, “Live, Work, Play” situation as more and more professionals take advantage of the vibrant city of Fort Lauderdale and all of it’s offerings. The city has quickly emerged as a tech hub with many firms coming to and calling the area home. While rents and supply for Class A product continues to increase to historical highs, demand for Class B and C remains stronger than ever as the area’s more affordable tenant option.
Location Description
Croissant Park Apartments is in the city of Fort Lauderdale, FL with roughly 200,000 people call the city home. Flagler Village, Riverwalk, Riverfront, Fat City, and Progresso Village neighborhoods are reshaping the city core with aggressive redevelopment. There are millions of square feet at some phase of the construction timeline including an abundance of residential class A apartments and multiple retail centers. Fort Lauderdale is a premier market and looked at globally as a city on the rise.
Croissant Park Apartments is an incredibly well located multifamily opportunity along the US1 corridor. Located in Fort Lauderdale just south of the world famous Las Olas Blvd and the burgeoning River Walk area. Affectionately called the “Venice of America”, Fort Lauderdale is home to 165 miles of inland waterways. There simply isn’t a greater collection of multi-million dollar yachts in the world hence the moniker, “Yacht Capital of the World”.
Fort Lauderdale features some of the world’s premier boating events; including the Fort Lauderdale International Boat Show. The show is widely accepted as the largest boat show in the world. The Fort Lauderdale-Hollywood International Airport is a 5 minute car ride to the south of Croissant Park Apartments. Port Everglades which generates more than $29 Billion worth of business annually directly impacts 11,000 jobs and one mile away.
There are various maritime industries including ship building, repairs, parts manufacturing, and retail outlets that will provide quality jobs for the residents of Croissant Park Apartments. There are various corporate headquarters within a short drive to the asset including but not limited to AutoNation, American Express, Marriott International, SEACOR Holdings, Spirit Airlines, Chewy.com, & Citrix, to name a few.