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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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. 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 2014
Building Area

Property Description

As an exclusive advisor, JLL Capital Markets (“JLL”) is pleased to present the opportunity to acquire the fee simple interest in Willits Town Center (“Property”), a vibrant mixed-use development located in the heart of the Roaring Fork Valley. Ideally situated between Aspen and Glenwood Springs, the Property is minutes from world-class skiing, biking, fishing, and hiking trails, attracting over 2.2 million visitors per year from all over the world. The 80% leased, 56,244 square foot asset consists of seven (7) commercial condominiums located on the ground floor of three (3) buildings in Willits Town Center’s larger master plan and anchored by Whole Foods, The Steadman Clinic, and an Element Hotel. The asset provides a new investor the opportunity to acquire real estate in a highly-desirable market and further create value through vacant suites’ lease-up. A new, ten-year lease commenced in 2020 with Regus, the world’s largest flexible space provider with over 2.5 million members. The global pandemic has created a flight to the Colorado mountain communities, an enduring impact causing unprecedented activity seen throughout the Roaring Fork Valley. As the community rapidly develops around the Property, Willits Town Center will continue to be a destination and community gathering point.

Investment Highlights

  • Value-add opportunity 
  • Diverse tenant roaster
  • New Regus location
  • Strong demographics
Last Updated Date: 14 Jan 2021
Jason Schmidt
Jason Schmidt
Managing Director, Capital Markets, Investment Sales Advisory
License details
CO-EA.001324797

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Last Updated Date: 14 Jan 2021

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