8300 Coral Lake Ln, Coral Springs, FL 33065

Berkadia Real Estate Advisors is pleased to present the opportunity to acquire Crescent Cove (The “Property”), a 111-units-out-of-260 (43% ownership) fractured condominium community with full board control, spanning 13 acres fronting W Sample Rd in Coral Springs, FL.

The property consists of all one- and two- bedroom units averaging nearly 900 square feet. With average rents of $1,844, Crescent Cove boasts leases that are below market value, offering a buyer upside through both organic rent growth and value-add potential. There is also the opportunity to acquire more individual units within the community to unlock further value.

The HOA has undergone significant investments in capital expenditures over the last few years, including HVAC, roofing, and appliances.