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

Documents

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I accept the confidentiality agreement

You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key Facts

Year Built 2002
Building Area
Occupancy 97.0 %

Property Description

Crestone, a 234-unit gardenstyle apartment community conveniently located at the heart of the Havana Street retail corridor in Aurora, Colorado. Originally constructed in 2002, Crestone features a desirable blend of one-, two- and three-bedroom units, of which, 86% have been renovated.

Investment Highlights

  • Crestone presents an opportunity to acquire a strong performing, value-add
  • asset with clear upside potential through a strategic renovation program on
  • the remaining classic units, along with additional income drivers through the
  • implementation of CAM chargebacks, covered parking, and interior corridor
  • upgrades. Current ownership has recently spent approximately $1M on nonrevenue
  • producing capital expenditures, allowing a new investor to solely focus
  • on income-driving upgrades.
Last Updated Date: 08 Sep 2020
Jordan Robbins
Jordan Robbins
Managing Director, Capital Markets
License details
CO-FA.40035669
Jonathan Polster
Analyst

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Last Updated Date: 08 Sep 2020