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.