Alexan Westerly Creek_Property for Sale
Alexan Westerly Creek_Property for Sale
2271 Clinton St, Aurora, CO, 80010, US

Alexan Westerly Creek

Asset Description

JLL has been retained as the exclusive investment advisor in the sale of Alexan Westerly Creek (“Westerly Creek”), a best-in-class, luxury multi-housing community. Recently completed, the acquisition of Westerly Creek presents the unique opportunity to acquire 338 modern luxe apartment homes, encompassing a market-leading amenity package, delivering residents one of the finest suburban “live-work-play” experiences in a highly amenitized and sought after location. 


Westerly Creek’s central location adjacent to the highly popular Stanley Marketplace and affluent Central Park neighborhood offers excellent connectivity to some of the Metro’s most desirable recreational amenities and burgeoning employment hubs such as Downtown Denver, Fitzsimons Medical District, Denver International Airport and more. The property sits directly adjacent to Stanley Marketplace, a 140,000+ SF micro-district consisting of numerous restaurants concepts, bars, venues and abundant outdoor space. Within a five-minute drive of Westerly Creek is Fitzsimons Medical District, one of the most renowned medical campuses in the Rocky Mountain Region that will employ over 45,000 employees at full build-out and a future innovation community that will continue to attract high-quality medical and life sciences talent to the region. Additionally, the Central Park Neighborhood has seen explosive multifamily fundamental growth (31% effective rental growth over the past five-years), along with significant investment infusions within the office, industrial and mixed-use sectors that will drive even more top-notch employment and tenancy to the area.


Westerly Creek flawlessly caters to the vision of delivering a premier suburban asset, with expansive modern floorplans, luxury finishes and resort quality amenities in one of Denver’s most dynamic and sought-after locations of residence. Furthermore, limited new supply and strong rental demand within the submarket suggest continued rent growth for Westerly Creek for the foreseeable future. 

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Attributes

Number of units
338 units
Occupancy
70%
Year built
2022
Building area gross
33,474 m²
Land area gross
3.75 ha
NOI
IDR 98,085,088,000

Media

Investment Highlights

Located in a truly dynamic location within a surging submarket, Alexan Westerly Creek is a brand-new, high-quality community featuring a stunning array of amenities and modern design. The property is well located near a mix of popular retail, dining, and outdoor activities and is close to growing employment hubs. 


  • Recently Completed Core Asset In Emerging Dynamic Location
  • Best-In-Class Luxury Amenity Package
  • Strong Area Demographics
  • Robust Submarket With Strong Forecasted Rental Growth
  • Convenient Proximity to Nearby Prominent Employment Hubs
  • Access to an Eclectic Mix of Trendy Retail, Dining & Outdoor Activities

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Last updated
17 Apr 2024