Avail

JLL has been retained as the exclusive investment advisor in the sale of Avail Modern Living Apartments (“Avail”), a 2018 vintage, 424-unit, TOD apartment community, situated adjacent to the RTD Iliff Station light rail stop in one of Denver’s highest performing and employment dense corridors.

Avail’s floor plans are the largest in the submarket (± 1,050 SF), featuring a diverse array of one-, two- and three-bedroom layouts with over 60% of the property offering private garaged parking via direct access & detached garages. The in-unit finishes are vast in nature inclusive of quartz countertops, gas range stoves, 9’ - 15’ ceilings and 75% of units feature enhanced upgrades such as Nest thermostats, new kitchen backsplash and more. The community amenities which include a resort-quality clubhouse, scenic swimming pool, catering kitchen, and multi-media conference center.

Avail is strategically positioned with immediate access to the RTD Iliff Light Rail Station and Interstate 225, providing residents with multiple modes of transportation to the entirety of the metro and a true TOD lifestyle. The property’s centralized location promotes convenient passage to all the metro’s key high-earning employment nodes such as the Southeast Business Corridor’s (± 48M SF of Office Space & 250K Employees), Fitzsimons Medical Campus (± 13M SF of Medical Space & 45K Employees), Downtown Denver (± 34M SF of Office Space & 150K Employees), Denver International Airport (3rd Busiest Airport in US & 44K Employees) and Cherry Creek (± 6M SF of Office/Retail Space & 18K Employees).

The quality of this offering, along with the desirability and accessibility of this location, provides the opportunity to acquire fully amenitized, luxury product at a significant discount to replacement cost within a submarket that is expected to see continued renter demand, limited new supply, and stable rent growth for years to come.