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Available For Sale - Multifamily

44,495 SF | Show Pricing $

AVAILABILITY DETAILS

Size
44,495 SF
Price/SF
Show Pricing $
Listing ID
SA435335
Notes
HRE Group, LLC (Broker), as exclusive advisor to University & Evans, LLC (Seller), is pleased to present the acquisition opportunity of the fee simple interest in University Lofts, a Class A mixed-use retail and multi-family asset in the Denver University neighborhood of Denver, CO. Built in 2006, University Lofts is located across University Boulevard from the heart of Denver University’s campus, at the northeast corner of the intersection at University Boulevard and Evans Avenue. This intersection is the most highly vehicle & pedestrian trafficked commercial intersection in the area. The 44,495 square foot complex is situated on 13,987 square foot lot zoned R-MU-30. The asset is comprised of thirty-five (35) multifamily units, containing 97 bedrooms and 8,636 square feet of street level retail space. The property also boasts a two-story underground parking structure with sixty-nine (69) heated parking stalls with electronically controlled access. The four (4) retail spaces in the project are currently 48% leased to TCF Bank and The Ramen House restaurant. The project currently has 4,452 square feet of contiguous retail space available for lease which is divided into two roughly 2,200 SF units. All thirty-five (35) residential units are master leased by the University of Denver for student housing through June 30, 2022.
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Patrick Henry, HRE Group
BRE# ER.001319334