2625-2647 N Andrews Ave, Wilton Manors, FL 3331173 Units | Multifamily Property | Wilton ManorsCAMELOT WEST APARTMENTS

O F F E R I N G F L Y E R

Sale Price: $11,750,000Price / Unit: $160,959Price / SF: $223.02Number of Units: 73Cap Rate: 4.96%NOI: $582,775Pro Form Cap Rate: 6.54%Pro Forma NOI: $769,036Year Built: 1966Lot Size: 2.34 Acres

THE OFFERING INVESTMENT HIGHLIGHTS

• 100% Occupied, Turn-Key Asset With Ability to Raise Rents $100 Per Unit In Their Current Condition

• Superior Debt Lined Up Between 3.5%-3.75% with a Cash On Cash Return Of 8.91% Day One

• Property Recently Underwent Over $2,000,000 in Capital Improvements

• 86% of the Units Have Been Renovated to Premium Standards with New Tile Floors, New Kitchen Cabinets,Granite Countertops and Modern Bathroom Vanities & Light Fixtures

• Exterior Capital Improvements Include New A/C Systems, Updated Laundry Room, Sprinkler System, PoolResurfacing, Professional Video Security System, Parking Re-surfacing & Landscaping

• Amenities Include Sparkling Pool, On-site Laundry Facility, On-site Leasing Office, Central A/C & AmpleParking

• Blocks Away From the Popular Wilton Drive and Downtown Wilton Manors & Minutes from Downtown FortLauderdale and Fort Lauderdale Beach

• Easy Access to Oakland Park Blvd, Wilton Dr, US1, A1A & I-95

CONTACT USDAN DRATCH (LEAD) RYAN WOLD AJ STANFORD TRAVIS JONES GREG MATUSSenior Associate Senior Associate Senior Associate Senior Associate SVP, Investment Sales954.312.1677 954.312.1678 954.660.9813 954.312.1676 954.671.1821dan.dratch@franklinst.com ryan.wold@franklinst.com aj.stanford@franklinst.com travis.jones@franklinst.com greg.matus@franklinst.com

1 Burgers & Beers

2 What the Pho

3 Wolsen Caffe

4 Ethos Greek Bistro

5 Tropics Grille

6 Siam Cuisine

7 Wilton Manors Police Department

8 Wilton Manors City Hall

9 Wilton Manors Recreational Center

10 Matty’s Wilton Park

11 Infinity Lounge, Inc.

12 Java Boys

13 We Florida Financial

14 Tee Jay Thai Sushi

15 Georgie’s Alibi Monkey Bar

16 Khali Coffe Shop

17 To the Moon

18 New York Grilled Cheese

19 Sushi Song - Gaysha

20 The Pub Wilton Manors

21 Gym Sportsbar Wilton Manors

22 The Manor Complex

23 Thai me up

24 Rosie’s BGar & Grill

25 Sozo Shushi Bar

26 Dolce Salato Pizza & Gelato

27 Rumors Bar & Grill

28 Le Patio

29 Bona - Italian Restaurant & Pizza

30 Gym Sportsbar Wilton Manors

12

34

56

78

9

10-16

17-20

21-24

25-30

WILTON MANORSELEMENTARY SCHOOL

LAUDERDALE MANORSELEMENTARY PRESCHOOL

MILLS POND PARK

N ANDREWS AVE28,000 AADT

WILTON DR

E OAKLAND PARKBLVD 40,000 AADT

FORT LAUDERDALEHIGH SCHOOL

CORAL RIDGE MALL

SUBJECT SITE

CAMELOT WEST APARTMENTS 2

WILTON MANORS & SURROUNDING RETAIL 2625-2647 N Andrews Ave, Wilton Manors, FL 33311

DAN DRATCH (LEAD) RYAN WOLD AJ STANFORD TRAVIS JONES GREG MATUSSenior Associate Senior Associate Senior Associate Senior Associate SVP, Investment Sales954.312.1677 954.312.1678 954.660.9813 954.312.1676 954.671.1821dan.dratch@franklinst.com ryan.wold@franklinst.com aj.stanford@franklinst.com travis.jones@franklinst.com greg.matus@franklinst.com

CAMELOT WEST APARTMENTSCOLLABORATIVE REAL ESTATE SERVICESCONTACT A TEAM MEMBER FOR MORE INFORMATION