Art 88

JLL is pleased to exclusively offer the opportunity to acquire Art 88 Apartments, a 294-unit, mid-rise, multi-housing asset with stunning lake views and reliable cash flow centrally located in Miami-Dade County. The Property is strategically positioned within minutes of a wide array of prominent demand drivers and employment hubs, such as Dolphin Mall, Walmart, Costco, Miami International Airport and the Waterford Business District.

An incoming investor has the opportunity to capture a rental premium by completing renovations on 16% of units (46 of 294). Beyond unit renovations, new Ownership can capture additional upside by installing washer/dryers on 149 remaining units and making exterior improvements such as adding a poolside amenity base, enhancing landscaping, and expanding the Bark Park.

In addition to its central location in the highly- amenitized West Miami submarket of Fontainebleau, Art 88 greatly benefits from its proximity to the Miami International Airport (7 miles) and rapid accessibility to the Dolphin Expressway and other major thoroughfares. The Property is also surrounded by outstanding employment drivers with over 70 million SF of office and industrial space, three regional malls, a major medical center and a top-rated university in the area.

Art 88 represents a unique acquisition opportunity combining an incredibly located mid-rise asset with strong in-place cash flow and potential for additional upside.