Multi-Housing

Avant at Castle Pines

520 Dale Ct Castle Rock, CO United States 80108
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 2002
Building Area
Occupancy 90.0 %

Property Description

Avant at Castle Pines offers investors a proven value-add opportunity with significant room for revenue growth. Current ownership has completed all major interior and exterior common area renovations and a portion of unit interiors, allowing a new investor to focus on revenue-generating renovations to the remaining unit interiors, where premiums are expected to exceed $180 per unit. Coupled with unique property amenities such as direct access garages (available in 55% of units) and its excellent location within the affluent Castle Pines submarket, this strong value-add potential offers a unique opportunity to realize attractive returns in an exceptional location.

Investment Highlights

  • Avant at Castle Pines, a 356-unit apartment community
  • located in Castle Pines, one of Denver’s most affluent and sought-after suburbs. Avant at Castle Pines is
  • the only multifamily community in this desirable neighborhood, insulating it from competition and uniquely
  • positioning it to capitalize on excellent schools and exceptional demographics, including an average home
  • price over $900,000 and an average household income of over $220,000 within a three-mile radius. This unique
  • position within the submarket, combined with convenient proximity to the Southeast Business Corridor,
  • Denver’s largest employment center, will ensure strong rental demand for years to come.
Last Updated Date: 17 Sep 2020
Jordan Robbins
Jordan Robbins
Managing Director, Capital Markets
License details
CO-FA.40035669
Chris Hart
Analyst

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Last Updated Date: 17 Sep 2020

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