1005-1027 14th Street | Boulder, CO 80302

 

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HIGHLIGHTS

  1. Diverse Set of Assets on one parcel including a brand new apartment property and underground garage, fraternity house, and high end duplex with private clubhouse
  2. and a Contiguous Duplex
  3. Irreplaceable location in the core of "The Hill"
  4. Walkable to campus, "The Hill" retail, restaurants, nightlife, downtown Boulder's Pearl Street, and nearby grocery store
  5. Achieving the highest rents per bed in Boulder and always one of the first locations preleased in Boulder
  6. Outstanding student rental market fundamentals in Boulder
  7. High barrier to entry market

THE OPPORTUNITY

 

  1. Berkadia is pleased to announce the exclusive offering to acquire a unique set of student properties in an irreplaceable location on "The Hill", just a block from the University of Colorado in gorgeous Boulder, Colorado. The Block is composed of a 9-unit apartment building with 35 bedrooms constructed in 2018, a 20-bedroom fraternity house renovated in 2018, and an 8-bedroom duplex that was fully re-built in 2018. The properties are widely renowned by students as the most sought after off-campus housing in all of Boulder. The properties feature a plethora of amenities including a three-story, climate-controlled parking garage, a courtyard with a stunning mural by famous Denver graffiti artist Pat Milbery, a large patio with stunning views of the Flatirons Mountain, and a fully repurposed clubhouse. Located on the corner of 14th Street and Euclid Avenue, the properties sit just a block from the CU Boulder campus and a block from "The Hill" commercial district which is the main retail center for students providing superior convenience for the student renter demographic. The assets are fully pre-leased for the 2019-2020 school year and are consistently pre-leased for the following school term by the end of each year. Boulder has a severe shortage of student housing with extremely strict regulations on development, allowing a new owner the opportunity to capitalize on purchasing generational assets that are ultra-high performing in an unmatched location.

1005 14TH STREET

9 Units

35 Beds

2018

Built

8,235

Land SF

9,906

Net Rentable SF

1019 14TH STREET

1 Unit 20 Beds

2018 Built

8,235 Land SF

8,346 Net Rentable SF

1027 14TH STREET

2 Units 8 Beds

2018 Built

1,624 Land SF

9,906 Net Rentable SF

THE LOCATION

The Block is located on the corner of 14th Street and Euclid Avenue, right at the center of "The Hill", which is the main concentration of student income properties for the University. The properties are also one block from the University of Colorado's campus, and a block from The Hill's commercial district that is filled with student favorite bars, restaurants, boutique clothing stores, and the famous Fox Theatre. National vendors just down the street include Starbucks, CorePower Yoga, Walgreens, Chase Bank, Taco Bell, Jimmy John's. Some Colorado and Boulder gems include Illegal Pete's, The Corner, The Sink, Cosmo's Pizza, Cheba Hut, Scrooge Maki, Dot's Diner, Rush Bowls, Boss Lady Pizza, Taco Junky & Tequila Bar, and Half Fast Subs.

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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