Active,  Active For Sale,  Multifamily,  Properties,  Retail

University Lofts

Property Description
NAME University Lofts
PROPERTY TYPE   Mixed-Use (Multifamily & Retail)
BUILDING SIZE 44,495 SF
UNITS 35 Apartment Units + 4 Retail Suites
SALE PRICE $18,200,000
CAP RATE 5.09%

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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 76% leased to two (2) national credit tenants and one (1) local restaurant group. The project currently has one (1), 2,068 square foot retail space available for lease, with strong interest and activity. The entirety of the multi-family portion of the property is master leased by the University of Denver for student housing through June of 2022.

Location