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

Key Facts

Year Built 2017
Building Area
Occupancy 95.0 %
Last Updated Date 03 Aug 2020

Property Description

Parkhouse Apartment Homes, a 465-Unit, Class A+ luxury apartment community located in one of Denver’s most desirable suburbs and an asset that represents a true best-in-class suburban apartment community. With a combination of thoughtful site design, luxurious, market-leading amenities, and sweeping mountain views, Parkhouse is unique amongst its competitive set and well-positioned to attract the aff luent renter pool located in this submarket. The desirability of the product is further enhanced with a distinct lack of available multi-family development sites in the area, which will serve to insulate Parkhouse from potential future competition.

Investment Highlights

  • Located just east of the intersection of 144th Avenue and Interstate
  • 25, Parkhouse is surrounded by northern Denver’s premier retail
  • development corridor and is located near major regional employment
  • centers. The recent construction of The Grove, a premium outlet mall
  • directly adjacent to the Property, as well as the recent completion of
  • Amazon’s 857,000-square-foot distribution center immediately north
  • of Parkhouse , positions the Property at the epicenter of one of metro
  • Denver’s most active commercial development corridors. With little
  • existing competition and limited opportunities for future multi-family
  • development in Thornton and surrounding communities, Parkhouse
  • has the opportunity to capitalize on strong tenant demand in the area,
  • allowing a new owner to realize significant future rent growth.
Jordan Robbins
Jordan Robbins
Managing Director, Capital Markets
License details
CO-FA.40035669
Jonathan Polster
Analyst

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