Skip to main content

Multifamily

Airport Creek Point Apartments

595 Airport Creek Point, Colorado Springs, CO 80916

Listing Price: $5,360,000

Cap Rate
4.75%
Number of Units
134
Price/Unit
$40,000
Price/Gross SF
$46.61
Gross SF
115,000

Investment Overview

Marcus & Millichap is pleased to present Airport Creek Point, a 134-unit permit-ready multifamily development situated on over five acres of land adjacent to the Colorado Springs Airport. The property is located less than 15 minutes from Downtown Colorado Springs and less than 25 minutes from Garden of the Gods park. Airport Creek Point Apartments is comprised of 70 one-bedroom units, 56 two-bedroom units, and eight (8) three-bedroom units. These units average 637 square feet, 881 square feet, and 1,118 square feet, respectively. Located in the foothills of the Rocky Mountains, Colorado Springs has become a hotspot for young, affluent professionals because of its high quality of life and relatively low cost of living. The pandemic catalyzed this trend after many companies implemented long-term or permanent remote work policies, which has lured renters away from pricy urban markets. This trend paired with the shift in consumer preferences that saw renters migrating to less dense areas with greater proximity to outdoor recreation will allow the Colorado Springs Multifamily market to outperform other metro areas for a number of years.

Investment Highlights

  • 134-Unit, Permit-Ready Multifamily Development Situated on Over Five Acres of Land
  • Located Adjacent to the Colorado Springs Airport and just minutes from Downtown Colorado Springs
  • Unit Plans Include 70 One-Bedroom Units, 56 Two-Bedroom Units, and 8 Three-Bedroom Units

Exclusively Listed By

Multifamily

Airport Creek Point Apartments

Listing Price: $5,360,000

Cap Rate
4.75%
Number of Units
134
Price/Unit
$40,000
Price/Gross SF
$46.61
Gross SF
115,000

Investment Highlights

  • 134-Unit, Permit-Ready Multifamily Development Situated on Over Five Acres of Land
  • Located Adjacent to the Colorado Springs Airport and just minutes from Downtown Colorado Springs
  • Unit Plans Include 70 One-Bedroom Units, 56 Two-Bedroom Units, and 8 Three-Bedroom Units

Investment Overview

Marcus & Millichap is pleased to present Airport Creek Point, a 134-unit permit-ready multifamily development situated on over five acres of land adjacent to the Colorado Springs Airport. The property is located less than 15 minutes from Downtown Colorado Springs and less than 25 minutes from Garden of the Gods park. Airport Creek Point Apartments is comprised of 70 one-bedroom units, 56 two-bedroom units, and eight (8) three-bedroom units. These units average 637 square feet, 881 square feet, and 1,118 square feet, respectively. Located in the foothills of the Rocky Mountains, Colorado Springs has become a hotspot for young, affluent professionals because of its high quality of life and relatively low cost of living. The pandemic catalyzed this trend after many companies implemented long-term or permanent remote work policies, which has lured renters away from pricy urban markets. This trend paired with the shift in consumer preferences that saw renters migrating to less dense areas with greater proximity to outdoor recreation will allow the Colorado Springs Multifamily market to outperform other metro areas for a number of years.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower