Bella Lago Vista

700-760 Executive Center Dr, West Palm Beach, FL 33401

The Offering

Bella Lago Vista is a 316-unit condominium community, with significant value-add upside in a high-demand West Palm Beach location.

Bella Lago Vista is a beautiful “Tropical Oasis” apartment community that sits on the bank of beautiful Clear lake with spectacular views of the West Palm Beach skyline.

The property features a unique unit mix of one- and two-bedroom units with an average unit size of 614 square feet and is currently 95% occupied, with rent averaging $1,190.

This purchase will be Nathan Holding’s 16th multifamily complex acquisition in Florida. We believe that the investment in the Property provides an opportunity to purchase a mismanaged, well-located asset with in-place rents that are dramatically below its competitive set, with Bella Lago Vista’s surrounding area developments will also contribute to rent growth.

Property Website

Investment Highlights

Incredible value-add upside through strategic renovations
Rental rates well below competitive set – offering significant room to run
Tremendous opportunity to achieve substantial rent gains through moderate interior and exterior renovations.
Proven ability to push rents through modest improvement programs
High demand/high occupancy pointing toward climbing rental rate environment
Holding Period of 3-5 years*

316

Units

icon used to state Sqr fit of the property

149,345

Sqr Ft

1986

Year Built

Year Renovated

Property Details

Community Amenities

Swimming Pool
Jacuzzi
Fitness Center
BBQ Area
Clubhouse
Lake View Cabana
Business Center

1 bedroom apartment in Bella Lago Vista - Interior

Unit Amenities

All-Electric Kitchen
Refrigerator
Washer / Dryer Connections*
AC
Mini Blinds
Hardwood Floor

Type	Units	Sqr Ft.
1 bed / 1 bath	200	502
2 bed / 2 bath	65	753

Market

Palm Beach County Overview

Situated along the southeastern coast of Florida, Palm Beach County encompasses 47 miles of Atlantic coastline with extraordinary beaches and numerous golf courses that draw tourists and residents.

The county is Florida’s third-most populous, with nearly 1.5 million people, and it is expected to add more than 41,000 citizens through 2025.

West Palm Beach is the largest city, with 108,000 people. Other prominent municipalities include Boca Raton, Boynton Beach, and Delray Beach. The northern portion of Everglades National Park is located within the metro.

Palm Beach County, home to more than 2,400 financial services firms, is experiencing significant financial sector growth as major companies – including Goldman Sachs – are opening offices in the Palm Beaches.

Dozens of financial firms recently relocated to or opened new offices in, Palm Beach County, which boasts a growing high-net-worth population, attractive commercial real estate, and pro-business government leaders, according to the Business Development Board of Palm Beach County, a not-for-profit corporation working to attract and retain business investment in the county.

Palm Beach County’s financial sector currently employs approximately 33,000 people and salaries average in the $80,000 range. The influx of new firms is expected to bring thousands of high-income jobs to the county.

Palm Beach is one of the top markets for rent growth in 2021 and is expected to outperform in 2022.