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

Documents

I accept the confidentiality agreement
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. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. 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.
I accept the confidentiality agreement I accept the confidentiality agreement
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.

Attributes

Year Built 2002
Occupancy 96.0 %

Property Description

Allure also features an established and proven value-add opportunity. Current ownership has completed renovations on 30% of the units, as well as many major projects to the exterior and common areas of the property, offering investors the opportunity to complete renovations on the remaining 70% of unit interiors to capture significant additional upside. Additional exterior upgrade opportunities exist, including installation of gas grills, an on-site dog park and covered parking to further increase revenue for a new owner. Competing properties in the submarket command monthly rents $200+ higher than those at Allure, and properties located directly within Cherry Creek or the Southeast Business Corridor command even higher premiums, showing a clear ability to increase rents and realize significant NOI growth.

Investment Highlights

JLL is pleased to present the exclusive listing of Allure, a 252-unit, value-add apartment community featuring large units (averaging more than 1,000 SF) and located within the desirable Cherry Creek School District in Denver, Colorado. Allure also enjoys easy access to many of Denver’s chief employment centers, including the Fitzsimons Medical Campus, Lowry and the Southeast Business corridor. In addition to exceptional proximity to employment, Allure is conveniently located near an abundance of retail amenities, including Lowry, Gardens on Havana and Cherry Creek, Colorado’s premier shopping destination.
Last Updated Date: 09 Sep 2020
Jordan Robbins
Jordan Robbins
Managing Director, Capital Markets
License details
CO-FA.40035669
Chris Hart
Analyst

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Last Updated Date: 09 Sep 2020

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