AN EXCELLENT OPPORTUNITY
Cypress Trace Apartments is located in the City of
Brandon, near Tampa, FL. The property features spacious
1-, 2- and 3-bedroom oor plans with fully equipped
kitchens, energy efcient appliances, European-styled
cabinets, and full-size washer and dryers in select units.
Cypress Trace offers a superb amenity package including
a tness center swimming pool, playground and picnic/
barbecue area.
Residents of Cypress Trace enjoy easy access to I-4, I-75,
Highway 60 and the Crosstown.
CYPRESS TRACE
741 PROVIDENCE TRACE CIRCLE
BRANDON, FL 33511
FOR SALE - QUALIFIED CONTRACT DEVELOPMENT
Capital Markets | Investment Properties
ASKING PRICE: $25,971,595
CONTACT US
LUKE WICKHAM
Senior Vice President
+1 407 839 3130
SHELTON GRANADE
Vice Chairman
+1 407 839 3103
JUSTIN BASQUILL
Director of Operations
+1 407 839 3169
JOHN SELBY
Senior Vice President
+1 813 273 8413
SEAN D. WILLIAMS
Senior Vice President
+1 813 273 8410
CBRE, INC.
200 S. Orange Avenue, Suite 2100
Orlando, FL 32801
+1 407 404 5000
CBRE, INC.
101 E. Kennedy Blvd., Suite 1500
Tampa, FL 33602
+1 813 273 8400
Unit Type
Unit Count Size (SF) Rent Rent PSF
1 BR/1 BA Loft 5 611 $604 $0.99
1 BR/1 BA 55 611 $604 $0.99
2 BR/2 BA Loft 10 907 $726 $0.80
2 BR/2 BA 134 907 $726 $0.80
3 BR/2 BA Loft 6 1,028 $824 $0.80
3 BR/2 BA 138 1,028 $824 $0.80
Total/Avg.* 348 906 $746 $0.82
FOR SALE - QUALIFIED CONTRACT DEVELOPMENT
Cypress Trace
741
PROVIDENCE TRACE CIRCLE
Brandon, FL 33511
+ Sparkling Pool with
Sundeck
+ Fitness Center
+ Clubhouse
+ Laundry Facility
+ Car Care Center
+ Picnic/BBQ Area
+ 2 Playgrounds
+ Screened Patios &
Balconies
+ Fully-equipped Kitchens
+ Walk-In Closets
+ Washer Dryer
Connections
+ Lake Views
Capital Markets | Investment Properties
INVESTMENT HIGHLIGHTS
DIRECTIONS:
Travel east on Rt. 60 or Lumsden Rd to Kings Ave. Turn right (south) on
Providence Lakes. The property is on the right just before Kingswood
Elementary School.
FOR SALE - QUALIFIED CONTRACT DEVELOPMENT
Cypress Trace
741
PROVIDENCE TRACE CIRCLE
Brandon, FL 33511
Capital Markets | Investment Properties
The property currently operates under the restrictions of an Extended
Low-Income Housing Agreement, which requires 100% (348 units)
to be income and rent restricted based on 60% of the AMI (Area
Median Income). Reporting requirements, required tenant programs,
and amenity requirements can be found in the tax credit regulatory
agreement.
INCOME AND RENT RESTRICTIONS
INCOME ONLY RESTRICTIONS
The property currently operates under the restrictions of a BOND
LURA, which requires 50% (174 units) to be income restricted
based on 60% of AMI and 5% (18 units) at 50% AMI. Reporting
requirements, required tenant programs, and amenity
requirements can be found in the BOND LURA.
Additional program requirements can be found in the respective
regulatory agreement. The buyer must agree to maintain the
affordability restrictions. This will include but not be limited to
operating the property in compliance with all county, state and
federal regulatory agreements
FOR SALE - QUALIFIED CONTRACT DEVELOPMENT
Cypress Trace
741
PROVIDENCE TRACE CIRCLE
Brandon, FL 33511
Capital Markets | Investment Properties
© 2017 CBRE, INC. LICENSED REAL ESTATE BROKER. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness.
Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a
careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. and/
or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property
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