Living / Multi-housing

Via Tuscany - Melbourne, Florida

300 Tuscany Way Melbourne, Florida United States 32940-8131
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2000
Building Area Net
Number of units 280
Occupancy 96.0 %

Asset Description

​​​​​​​Jones Lang LaSalle Americas, Inc. (“JLL”) as exclusive advisor, is pleased to present the opportunity to acquire Via Tuscany (the “Property”), a gorgeous 280-unit, fully renovated garden-style community located in Melbourne, Florida, a region experiencing rapid economic expansion and boasting robust multi-housing fundamentals. The Property, comprised of 10 residential buildings, complete with attached garages and average unit sizes of 1,093 square feet, offers residents a spacious resort style feel, breathtaking lush natural landscapes, beautifully appointed interiors, and lavish amenity spaces to deliver an unmatched luxury living destination.


Adding to the Property’s appeal is its ultra-desirable location surrounded by an abundance of Retail & Entertainment, its proximity to significant medical and healthcare facilities, and the several nearby expansive employment centers. Via Tuscany’s location provides convenient access to the Space Coast’s top employers including Lockheed Martin, Northrup Grumman, Blue Origin and L3Harris.


Originally Completed in 2000, The Property received a full-scale renovation in 2019. Via Tuscany represents a one-of-a-kind opportunity for new ownership to obtain an extraordinary turn-key asset that is poised to achieve strong rent growth and generate durable cashflows going forward.

Investment Highlights

Excellent Quality of Life with Unrivaled Access to Employment & Demand Driver


Outstanding Multi-Housing Market Fundamentals with Anticipated 23% Growth


Notable Recent Improvements to the Property


Spacious Units Compared to Comps


Stellar Macro Economic Growth Statistics with anticipated 26% Population Growth within a 3-Mile Radius

Last Updated Date: 09 May 2022

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Last Updated Date: 09 May 2022

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