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Multifamily

Ledge Rock South Apartments

22764 E I-25 Frontage Rd, Johnstown, CO 80534

Listing Price: $89,600,000

Cap Rate
2.82%
Number of Units
256
Price/Unit
$350,000
Price/Gross SF
$298.67
Gross SF
300,000

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of Ledge Rock South (“The Property”), a 256-unit multifamily community located within Ledge Rock Center, a 200-acre mixed-use community on the southeast corner of Interstate 25 and State Highway 60 in Johnstown. The selected site at the Northern Colorado Corridor is undergoing a dramatic transformation. Johnstown and Northern Colorado continue to see tremendous growth, while surrounding markets have limited interchange opportunities left to offer, making this a prime location for development. Ledge Rock Center will contain 1,200 new apartments, 160 new single residences, and over 1-million square feet of retail space. In addition, there are three new state-of-the-art schools and 3,200 new residents within two miles.

Investment Highlights

  • 256-Unit Multifamily Community Located within Ledge Rock Center, a 200-Acre Mixed-Use Community on the Southeast Corner of Interstate 25 and State Highway 60 in Johnstown
  • Brand New Master-Planned Community Surrounded by Popular Retail, Dining, and Recreational Amenities
  • Forward-Sale Opportunity: Seller will Deliver Building in Separate Phases with Pre-TCO Allowing Lease-Up Through Construction & Prior to Final Certificate of Occupancy

Exclusively Listed By

Multifamily

Ledge Rock South Apartments

Listing Price: $89,600,000

Cap Rate
2.82%
Number of Units
256
Price/Unit
$350,000
Price/Gross SF
$298.67
Gross SF
300,000

Investment Highlights

  • 256-Unit Multifamily Community Located within Ledge Rock Center, a 200-Acre Mixed-Use Community on the Southeast Corner of Interstate 25 and State Highway 60 in Johnstown
  • Brand New Master-Planned Community Surrounded by Popular Retail, Dining, and Recreational Amenities
  • Forward-Sale Opportunity: Seller will Deliver Building in Separate Phases with Pre-TCO Allowing Lease-Up Through Construction & Prior to Final Certificate of Occupancy

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of Ledge Rock South (“The Property”), a 256-unit multifamily community located within Ledge Rock Center, a 200-acre mixed-use community on the southeast corner of Interstate 25 and State Highway 60 in Johnstown. The selected site at the Northern Colorado Corridor is undergoing a dramatic transformation. Johnstown and Northern Colorado continue to see tremendous growth, while surrounding markets have limited interchange opportunities left to offer, making this a prime location for development. Ledge Rock Center will contain 1,200 new apartments, 160 new single residences, and over 1-million square feet of retail space. In addition, there are three new state-of-the-art schools and 3,200 new residents within two miles.

Exclusively Listed By

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