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9141 W Commercial BlvdTamarac, FL 33351
Tamarac Village
Asset ClassMultifamily
overview of deal

Overview

Cushman & Wakefield is pleased to present Tamarac Village, a 401‑unit, 2020/2023‑vintage garden community located in a suburban Core location within Broward County. Designed around the resident experience, the property features lush landscaping, oversized floor plans with premium finishes, and an extensive amenity suite including a two‑story fitness center, resort-style pool with cabanas, multiple lounges, and dedicated spaces for work, wellness, and recreation. Strong household incomes (averaging over $130K) and minimal collection loss underscore the community’s durability. In addition, there is immediate upside through an accretive value‑add; specifically by upgrading bedroom flooring.

 

Ideally positioned in Tamarac, the property is less than 1 mile from the Sawgrass Expressway (FL-869). Moreover, the location provides quick access to major employment hubs such as Sawgrass International Corporate Park and Plantation’s Class A office market, along with premier retail and entertainment including the Sawgrass Mills Mall, Amerant Bank Arena, and Markham Park. In addition, the property is across the street from an 8/10-rated elementary school, Florida's #4 best high school and a Publix.

 

With no new multifamily construction within five miles and limited development land, the submarket faces a housing deficit amid strong regional in‑migration. These fundamentals position Tamarac Village as a rare opportunity to acquire a top-tier asset offering core stability with core‑plus upside.

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Investment Highlights

  • Proven 52.7% ad valorem tax exemption through Live Local Act
  • Supply constraint market with 200-unit deficit through 2030 and lack of developable land in Tamarac
  • Outsized returns through light "return-to-core" renovation: $360K in additional revenue by replacing carpet in bedrooms.
  • Outstanding resident profile earning $133K annually on average.
  • Convenient Lifestyle, Located Across the Street from Publix, a 8/10-Rated Elementary School, and the #4 best high school in Florida.
  • Surrounded by World-Class Office & Entertainment within 15 Minutes

UNIT MIX

# of Units
Avg. Size
Occupancy
In-Place Rent
Rent/SF
1-Bed
154
800
92.9%
$2,194
$2.74
2-Bed
197
1,146
91.9%
$2,751
$2.40
3-Bed
50
1,442
100.0%
$3,289
$2.28
TOTAL
401
1,050
93.3%
$2,610
$2.48
9141 W Commercial BlvdTamarac, FL 33351

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