Living / Multi-housing
Under Contract

Loop at Lamar Station

1450 Lamar St, Lakewood, CO, 80214-2037, US

Loop at Lamar Station_Property for Sale

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Asset description

JLL is pleased to present the exclusive listing of The Loop at Lamar Station, a 138-unit, garden-style apartment

community located in Lakewood, Colorado. With 70% of the property being comprised of ‘classic’ or unrenovated units, The Loop at Lamar Station presents an attractive value-add opportunity to acquire a low-density asset that offers clear upside potential through the continuation of a successful interior renovation program.


Over the last few years, current ownership has spent more than $1.2 million on significant capital expenditures. To

date, 30% of the units have been upgraded, in addition to exterior and common area upgrades. The ongoing interior

renovation program includes luxury vinyl plank flooring, stainless steel appliances, and quartz countertops, among other modern interior touches. These renovations have resulted in rent premiums of more than $200 per month.


Located within one block of the Lamar light rail station, The Loop at Lamar Station is a true transit-oriented property. Residents will enjoy easy access to some of Denver’s largest employment hubs including Downtown Denver and the Denver Federal Center that are both minutes away. In addition, The Loop at Lamar Station is adjacent to the new Brickyard redevelopment, a 14-acre proposal that will change the neighborhood forever.

Attributes

Occupancy
91.00%
Year built
1961
Building area Net
75,605 sf

Investment highlights

  • Premier Value-Add Opportunity
  • Adjacent to Brickyard Development
  • Unbeatable Transit-Oriented Location
  • Strong Area Growth Fundamentals
  • Access to Major Employment
  • Proximity to Lakewood's Top Dining, Entertainment, & retail Destinations


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Last updated
Nov 30, 2022