|Last Updated Date||16 Mar 2020|
The Oaks in North Miami was built to condo-quality specifications with concrete block construction, featuring 2- and 3-bedroom floor plans. The Property is just 1 mile east of Interstate-95 and is strategically located equidistant from Miami and Fort Lauderdale CBDs, South Florida’s largest employment centers and within close proximity to some of South Florida’s largest demand drivers, necessity retail, and desirable recreation; 4 miles from Sunny Isles Beach, 5 miles from Aventura Mall and 4 miles from Florida International University’s Biscayne Bay Campus.
Jones Lang Lasalle (“JLL”) is pleased to exclusively offer the opportunity to acquire 77 condominium units within The Oaks in North Miami (the “Property” or “Offering”), a 96-unit garden-style fractured condominium property in the rapidly growing North Miami submarket of Miami-Dade County. Ownership has title to 77 out of 96 residential units (or 80.2%) of Oaks in North Miami, currently run as a traditional rental community, and full control of the COA. The Offering demonstrates tremendous upside potential through streamlined operations and interior/exterior upgrades, as well as a clear path to collapsing the association through the acquisition of additional units.