Sterling Point

Posted: 2/23/2012
SOLD
143 Units
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About

About Sterling Point

Cushman & Wakefield is pleased to present the opportunity to purchase Sterling Point, a 143-unit apartment community in Centennial, Colorado. Sterling Point is located in Denver’s Southeast Suburban (SES) market, roughly six miles south of downtown. The property is being offered free and clear of any existing debt. Located just 5 minutes from the Denver Tech Center (DTC) and major employers of SES Denver, the light rail station and close to several major highways, residents enjoy suburban life with excellent access to all that metro Denver has to offer including a myriad of retail, restaurant and entertainment options. THE STORY Strong Demographics & Location - proximity to light rail station (5 min), the Denver Tech Center (5 min), the Streets at Southglenn (5 min) and Park Meadows Mall (5 min) Proven Value-Add Opportunity $50-$100 per month rental increase (30% of the units remain to be upgraded) Washer & Dryer in every unit Available land to build a new clubhouse and/or additional rental building (approximately 1-2 acres) Limited Competition - Only one other property built in the immediate area during the 1970-1980’s Ability to utilize today's attractive debt options