FORT LAUDERDALE, FL—Altis at Sheridan Village, a new class AAA multifamily community in Pembroke Pines, FL, is up for sale. CBRE is representing the seller.

Located at 16700 Sheridan Street, the luxury multifamily project features 300 units averaging 1,093 square feet. Each offers individual private entries. Residents started occupying the apartments in March 2014. The multifamily property is now nearing stabilization.

“This well-positioned opportunity—truly the highest quality asset in this submarket—not only benefits from best-in-class amenities, but from The Altman Companies' proven track record for excellence,” says Robert Given, vice chairman of CBRE's Capital Markets, Multifamily. “With steady rent growth anticipated over the next few years, this represents a rare chance to capture a significant investment return from a trophy asset in one of South Florida's most desirable markets.”

Altis at Sheridan Village was completed earlier this year and offers units in six floor plans. All units have nine-foot ceilings, walk-in closets, full-size washer-dryers and WiFi. The gated multifamily property has two lakes and conservation areas, garage spaces accessible from 124 units, and 36 climate-controlled storage units. There's also a 24-hour fitness center, private cabanas, a heated beach-entry pool and other luxury amenities.

Altis at Sheridan Village is close to Interstate 75 and the Florida Turnpike, as well as employment centers, upscale shopping, dining destinations, and professional services. This is one of only two rental communities located west of Interstate 75 and is within a few miles of the South Florida FBI Headquarters currently under construction.

CBRE's Zachary Sackley, Gerard Yetming and Mary Kate Swann of CBRE's Capital Markets, Multifamily are working with Given to market the property. The team is collaborating with Charles Foschini and Christopher Apone of CBRE Debt & Structured Finance.