Available as a Portfolio or Individual Sale
The Cascade Portfolio represents a very rare opportunity to acquire three Class-A apartment developments, totaling 586 units, in the highly desirable market of Madison, Wisconsin. The portfolio is made up of luxury rental communities is geographically diverse in of the top growth areas of suburban Madison and include Van Buren (Sun Prairie), The Park (DeForest) and Waldorf Astoria (Fitchburg).
All three communities feature attractive architecture, large, open floor plans with nine-foot ceiling, true resort-style amenities and an excellent mix of floor plans. With the quality of the construction, unit sizes and finishes, the new owner may continue to operate the units as luxury rentals while still realizing some increased cash flows through optimizing rents and more effective asset management
Located in the fast-growing suburb of Sun Prairie and built between 2011 and 2015, Van Buren offer 164 luxury rental units in 4 three-story, elevator buildings with underground parking and excellent amenities including clubroom, sauna, large cardio room with separate weight room, outdoor pool and grilling area. Roughly 10 miles from the Madison CBD, the property is minutes from new retail, restaurants and American Family Insurance world headquarters.
Located just north of Sun Prairie along I-94 in the community of DeForest and completed in 2018, The Park offers 200 luxury rental units in 3 four-story, elevator buildings with underground parking, as well as unparallel amenities in the market including two-story clubhouse with sauna, huge fitness room, yoga studio, indoor/outdoor jacuzzi, dog park and one of the coolest outdoor pools you will ever see! Also located roughly 10 miles from the Madison CBD, the property is also one of the closest to popular and growing Dane County Regional Airport. In addition, to the other attractions of Sun Prairie, the property is adjacent to the beautiful 427-acre Token Creek County Park.
Located in the fast-growing suburb of Fitchburg, in the new Uptown area, the property is currently under construction with completion projected in the fall of 2019. Waldorf Astoria will offer 204 luxury rental units in 4 three-story, elevator buildings with underground parking plus 18 free-standing townhouses for a total of 222 units. The property began pre-leasing in mid-January and Phase 1 (102 units opening in March) is already 25% leased (all done prior to even having a leasing office or model). Phase II and the townhouse are scheduled to be completed by mid-to-late summer. As with the other assets, the property will offer exceptional units and amenities including a clubhouse with clubroom, sauna, large fitness rooms and beautiful outdoor pool overlooking a wetlands area. Roughly 6 miles from the Madison CBD, the property is minutes from downtown but also offers excellent access to major highways and the Verona-based Epic Campus.