1213, 1215, 1217, 1219 12th Street | Greeley, CO 80631

HIGHLIGHTS

  1. Value-Add Opportunity
  2. Strong Market Fundamentals
  3. Proximity to The University of Northern Colorado
  4. Walking Distance to Downtown Greeley
  5. Two Blocks from Greeley's Main Commercial Retail Corridor
  6. Walking Distance from 8th Avenue Corridor Re-development

THE OPPORTUNITY

 

  1. The Kensington Portfolio consists of a 19-unit apartment building, a fourplex, and two-single family homes situated on two parcels adjacent to one another in Greeley, Colorado. 1213 12th Street (20-Units) and 1215-1219 12th Street (5-Units) are being exclusively offered as a single portfolio sale or on an individual basis. The properties feature studios, one-bedrooms, two-bedrooms, and a single four-bedroom apartment home. The grounds display several mature trees and an inviting green grass landscape to compliment. The properties are well-located in proximity to The University of Northern Colorado, downtown Greeley, and 10th Street/Highway 34 which is one of Greeley’s main east to west arteries. A new owner will have the opportunity re-position the asset as they choose and raise rents to market while capitalizing on consistent strong performing rent growth in the Greeley apartment market.

THE KENSINGTON

20

Units

1910

Built

12,921

Total SF

545

Average Unit SF

The Kensington is a classic 20-unit apartment building with a single-family home built in 1910 next to the University of Northern Colorado of the Northeast City of Greeley. The property features eight distinct floor plans composed of studios, one-bedrooms, two-bedrooms and a sole four-bedroom unit apartment.

Strong fundamentals such as low vacancy and a high tenant retention over many years of owner-management has proven this asset as a top performer among the competitive set.

 

1215, 1217, 1219 12TH STREET

5 Units

1916 Built

3,996 Total SF

967 Average Unit SF

1215, 1217, and 1219 12th Street consists of a vintage four-plex with a single-family home built in 1916 next to the University of Northern Colorado of the Northeast City of Greeley. The property features all two-bedroom, one-bathroom units with an average square foot of 967. The grounds display several mature trees and lush green grass, unique to Colorado as a whole.

Strong market fundamentals such as low vacancy and a high tenant retention over many years of owner-management has proven this asset as a top performer among the competitive set.

THE LOCATION

The Kensington Portfolio is strategically located in close proximity to The University of Northern Colorado, which has an enrollment base of approximately 12,900 students and supports 1,600 jobs. Additional major job support within the vicinity of the property includes Banner Health, which provides 1,700 jobs and JBS Swift & Company driving 4,500 jobs.

Positioned next to a prestigious university has made Greeley a highly educated city, with 45% of residents age 25 and older, holding a bachelor’s degree or higher and 68% of all workers in white-collar positions.

There are 8,530 people that live within a three-mile radius of the property and 45% of all occupied housing units within that radius, are renters.

Greeley features endless opportunities for recreation, dining, and premier shopping such as Greeley mall that includes 505,000 square feet of retail shopping space.

Investment AdvisorS

JOHN LARATTA
SENIOR DIRECTOR
303-607-0025
John.Laratta@berkadia.com
Nick Steele
Senior Director
303-689-8306
Nick.Steele@Berkadia.com
Tyler King
Associate Director
303-607-0847
Tyler.King@Berkadia.com

DENVER OFFICE

1331 17th Street

10th Floor

Denver, CO 80202

Phone: 303.607.0025 | Fax: 303.607.9024

Berkadia.com

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada. 

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