Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 1983
Occupancy 91.0 %

Property Description

Cottonwood Terrace also provides investors with a historically strong performing asset with tremendous value-add opportunity. Only 52% of units at Cottonwood Terrace have undergone modest renovations, and these units are achieving average premiums of $200 over their unrenovated counterparts. A new investor has the opportunity to implement a strategic unit renovation program and capitalize on these already proven premiums to significantly increase NOI at the property.

Investment Highlights

  • Cottonwood Terrace (“Property”), a 200-unit, garden
  • style apartment community with proven value-add upside located in the highly sought-after North
  • Colorado Springs submarket. The Property is centrally positioned near many of Colorado Springs’
  • largest employment centers and enjoys immediate access to some of the area’s most notable retail
  • amenities, including Chapel Hills mall, a 1.2-million-suare-foot shopping destination only five
  • minutes from the Property.
Jordan Robbins
Jordan Robbins
Managing Director, Capital Markets
License details
CO-FA.40035669
Mack Nelson
Mack Nelson
Director, Capital Markets
License details
CO-FA.100075894

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