The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Midsomer at Sage Creek, a 75 unit, 2023 built BTR community located in Graniteville, SC. Midsomer at Sage Creek arrives to the market as a one-of-a-kind build-to-rent community located in the desirable Northwest Aiken Submarket. Embedded in the Sage Creek community, the asset boasts high-end construction with a combination of upscale finishes and quality amenities. Residents at the property benefit from being within minutes of top employers (Savannah River Site ~11,000 employees and Bridgestone 1,874 employees). Direct access to I-20 offers ease of travel to employers and major retail in the Augusta and Aiken MSAs. Property performance also benefits from an under-supplied Graniteville multifamily market, being the only delivery within a 5-mile radius since 2012. Delivery is supported with strong demographics, boasting $71k+ average household income.
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Midsomer at Sage Creek
75 Units
507 Satinwood Circle
Graniteville, SC  29829
Posted: 2/22/2024
The Cushman & Wakefield Student Housing Capital Markets Team, in conjunction with Cushman & Wakefield Pyramid Brokerage Company, is pleased to present the exclusive listing of the 176-unit, 592-bed Monarch 716 apartment community located in Buffalo, New York. Built in 2017, the property is highly amenitized and in excellent condition situated adjacent to SUNY Buffalo State University and the Scajaquada Expressway. Monarch 716 is perfectly positioned for a conversion to conventional multifamily housing, offering investors and developers a prime opportunity to capitalize on Buffalo’s multifamily market renaissance.
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Monarch 716
176 Units | 592 Beds
100 Forest Ave
Buffalo, NY  14213
Posted: 7/26/2024
N/NEC 2nd Ave & Osborn Rd
   
SW 3550 N. Central Ave
Phoenix, AZ  85012
Posted: 6/7/2023
Nevele22 is a 97-unit boutique luxury apartment community located in the heart of Chicago’s River West neighborhood, strategically positioned at the crossroads of top employment and amenity hubs in Fulton Market, the Loop, and River North. This prime location offers unparalleled convenience, with the Chicago Blue Line CTA stop just steps away and numerous bus and bike routes nearby, making it an ideal destination for high-income earners commuting throughout the city. The submarket surrounding Nevele22 boasts a high concentration of affluent households, with 70% of households within a quarter mile earning over $100k. This renter base drives robust demand for luxury living, contributing to consistent rent growth of over 3% and occupancy rates averaging above 95% over the last 10 years. Nevele22 offers immediate access to over 773,000 jobs in Fulton Market, River North, and the Loop via various transit options, making it perfectly positioned for today’s urban commuter.

NATION LEADING MARKET FUNDAMENTALS

Massive Supply/Demand Imbalance in Chicago for next 3+ years

-Averaged 4,975 units/year delivered in downtown Chicago between 2014-2024

- Only delivering 1,560 units per year between 2025-2027, a 69% decrease from the last ten years

-Averaging 5,143 units absorbed per year since 2014

Robust Submarket Occupancy and Rent Growth

-Averaged 3.6% rent growth over the last ten years

-Projected to average 5.6% rent growth annually over the next ten years

- Average submarket occupancy over 95% for the last 10 years

DENSE, HIGH INCOME URBAN RENTER PROFILE

55k people within one mile

$196k average HH income

43% of population aged 20-34

57% renter population, up from 49% in 2010

UNBEATABLE WALKABILITY AND ACCESS TO TRANSIT

Connectivity to largest employment centers in Chicago – 20-minute walk to 81.2 SF of office space in the Loop, Fulton Market, and River North

Steps from CTA Blue Line stop – one stop from Fulton Market and 7-minute ride to the Loop

Located on Milwaukee Ave. “Hipster Highway” - roughly 3k bike commuters daily

New 40k SF grocery store – 3-minute walk

Walkscore – 96, Bikescore - 96

LUXURY HIGH-RISE LIVING AT NEIGHBORHOOD RENTS

Unimpeded views of downtown Chicago with large windows and natural light

Best in market unit interiors featuring – chef grade kitchens with curated Energy Star appliances (Fisher & Paykel, GE) and luxury bathrooms with Grohe fixtures and floating vanities

Amenity package commensurate with larger luxury asset – hotel style lobby, fully equipped fitness center, sundeck, rooftop deck with outdoor kitchen, green roof, and seating areas with bioclimatic pergolas

Rents positioned $150 below nearby high-rise product

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Coming Soon
Nevele22
97 Units
1122 W Chicago Ave
Chicago, IL  60642
Type:  Multifamily & Retail
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Clarksville 7 Portfolio within the Clarksville, Tennessee MSA. This portfolio offers seven individual properties, five of which are in Clarksville and the remaining two in Oak Grove, Kentucky. Built between 1995-2005, the portfolio represents an outstanding opportunity to combine immediate economies of scale with assumable 4.88% fixed rate Fannie Mae loans. While current ownership has completed extensive reconstruction on two assets (Blue Grass Meadows and Whitehall Townhouses), new ownership can unfurl a brand new value-add program to push portfolio rents $172 at a 24% ROI.
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Clarksville 7 Portfolio (7 properties, 844 units)
Newton Place
168 Units
100 Mandarin Drive
Oak Grove, KY  42262
Posted: 9/26/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 264-unit Nine50 Town Lake at Midtown apartment community located in Brazos County, College Station, Texas. This asset is situated in the rapidly-expanding southeast area of College Station. Built in 2023, Nine50 Town Lake at Midtown offers an outstanding opportunity to invest in an asset with an assumable HUD loan within an area characterized by scarce supply and highly favorable demographics.
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Under Contract
Nine50 Town Lake at Midtown
264 Units
950 Town Lake Drive
College Station, TX  77845
Posted: 4/2/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 99-unit North Chase apartment community located in Wilmington, NC. This asset is situated in a highly sought after pocket of Wilmington, which is characterized by a growing population, rising home values, and exceptional universities. The immediate area surrounding the property is comprised of college educated renters (34%) that are 58% white-collar and average +$72K in median household income. Residents of North Chase have instant access to the New Centre Market & University Centre retail corridor , which provides a plethora of retail, entertainment, and lifestyle amenities just a short drive from the asset. The fruitful industries of manufacturing, technology, and banking ground the Wilmington economy, which is experiencing a major economic boom as economic drivers continue to announce plans to move to/expand in the area. Current ownership has invested over $1.5M in capital expenditures since 2018, and have an in place renovation program that yields $125+ premiums over classic units.
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Under Contract
North Chase
99 Units
3119 Enterprise Drive
Wilmington, NC  28405
Type:  Multifamily
Posted: 8/21/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Class-A BTR asset, North Pointe, located in Calhoun, GA. Projected for completion in Q4 2024, North Pointe encompasses 83 units with floorplans averaging 1,515 SF and curated, top-of-line finishes. As a brand-new, differentiated asset, North Pointe is poised to benefit from increasing national and regional demand for BTR product. Situated in Calhoun, GA, the seat of Gordon County, the property has access to the major metro markets of Atlanta and Chattanooga as well as the notable industrial hubs of Rome and Dalton. Ample options for further education are available in the surrounding area with more than 6 colleges/universities across northwest Georgia in addition to two major healthcare facilities, AdventHealth Gordon & AdventHealth Murray.
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North Pointe (BTR)
83 Units
622 Soldiers Pathway
Calhoun, GA  30701
Type:  Single-family
Posted: 8/29/2024
Cushman & Wakefield is pleased to present a unique opportunity to purchase a fully entitled ±20,250 square foot, high density high-rise multifamily development site in Phoenix’s rapidly transforming Central Corridor located in the Opportunity Zone. Seller would also consider a co-development or build to suit. This rare site is located along the Valley Metro Light Rail, with two stations within walking distance of the property at Central Avenue and Roosevelt Street, and Central Avenue and Van Buren Street.  Phoenix’s urban revival has transformed the Central Corridor into a 24-hour live-work-play environment with new residential and trendy restaurants, coffee houses and bars.  In addition to the Light Rail, the area has been influenced by anchor cultural, educational, research, sports and healthcare institutions, including Arizona State University’s 12,200-student downtown campus and the 1.5 billion dollar Phoenix Biomedical Campus.  The result is an unprecedented demand for urban living solutions in the Central Corridor. The opportunity consists of two (2) parcels with a combined total of ±20,250 square feet of developable land on the northwest corner of 1st Street and Pierce Street.  This transit oriented development site is bound by two streets and is currently planned for a 37 story, 346 unit tower (Maximum density allows up to 384 units).
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NWC 1st Street & Pierce
   
710 N 1st Street
Phoenix, AZ  85004
Posted: 1/18/2022

Cushman & Wakefield/The Lund Company (“C&W/Lund”) is pleased to present Old Mill Apartments, a 248-unit apartment community located in Omaha, Nebraska. Old Mill has maintained stable occupancy and strong cash flow. The immediate area includes many retailers within walking distance and is located within a few blocks from Interstate I-680 allowing for easy access to the rest of the Omaha Metro. With a strong, diverse economy, Omaha continues to have very low unemployment and steady population growth.

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Old Mill Apartments
248 Units
10905 N Mill Court
Omaha, NE  68154
Type:  Multifamily
Posted: 6/1/2020

The Old Ranch & Kettle Creek Land Sites are two well-located parcels in North Colorado Springs, near the intersection of Voyager Parkway and Old Ranch Road. The immediate submarket is anchored by Interquest Parkway and has become one of the most prominent and active growth corridors in the region with a mix of commercial, retail, entertainment, recreation, education, health services and residential uses. The area is dominated by several large master planned communities including The Farm and Flying Horse Ranch to the North, Pine Creek to the South, and Wolf Ranch and Cordera to the East. Housing demand is very strong in this submarket and many of these large legacy communities are either built out or approaching close out. Multi-family rental communities in this area have steady occupancy levels and higher comparable rent rates to the rest of Colorado Springs. The sites can be purchased together, but are available to be purchased separately as well.

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Old Ranch Road & Kettle Creek
12.12 Acres
2060 Old Ranch Road & 10515 Kettle Creek Road
Colorado Springs, CO  80908
Type:  Land
Posted: 4/29/2024

Cushman & Wakefield's Mid-Atlantic Multifamily Advisory Group is pleased to present One Charles Center, a rare and generational opportunity to acquire a large residential conversion opportunity in Baltimore’s dynamic Central Business District. The Building is well-suited for acquisition by a developer seeking to deliver Class A Urban High-Rise Product with deep luxurious amenities.

Totaling 23 Floors, One Charles Center is well-appointed to attract urbane sophisticated renters seeking city living in proximity to major work and entertainment centers. The Property was originally designed by world-renowned architect, Ludwig Mies van der Rohe, and is recognized as the first building in Charles Center precipitating Baltimore’s urban renewal movement in the 1960’s. One Charles Center underwent major renovations in 1987 and 1993 with the latter renovation restoring the building to its original Mies van der Rohe design and condition. A full-service amenity floor was added to the building in 2021.

The Central Business District and Downtown Baltimore has seen a resurgence of late with $50M+ in Transaction Volume within 2 blocks of One Charles Center across nearly a dozen transactions since January 2020.

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One Charles Center
   
100 N. Charles Street
Baltimore, MD  21201
Posted: 9/6/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the +/- 98.80-acre Overlook at Asheville Development Opportunity located in Asheville, NC. The site is approved for 210 apartment units, 130 build-to-rent townhomes, and up to 176 duplex units, offering an exciting product mix that will be attractive to a wide range of renters and aspiring homeowners. Located on a scenic gently sloping mountainside on the outskirts of Asheville, the site has a distinct mountain feel while only being a 10-minute drive from downtown Asheville and all the fantastic dining and shopping opportunities within the city. The site is in an affluent pocket of suburban Asheville, with average household income set to exceed $100K within a 1-mile radius by 2027. The Overlook at Asheville Development Opportunity presents a rare opportunity to enter the thriving Asheville market with scale on a scenic mountainside.
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Under Contract
Overlook at Asheville Development Opportunity
98.8 Acres
Old Charlotte Highway
Asheville, NC  28803
Posted: 1/4/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the ±25-acre Overlook at Mossy Oaks Development Site in Beaufort County, SC. Located on the border of Port Royal and Beaufort, two of the Low Country’s premier coastal communities, the site is entitled by-right for medium density residential development. Walking distance to a grocery store and only a 10-min drive away from Port Royal’s public beach, the site is conveniently situated to offer future residents a laid-back lifestyle and convenient access to necessities. South Carolina’s Low Country has experienced some of the country’s most impressive population growth, increasing demand in a housing market lagging in supply. With marsh/river views and potential for direct water access by way of a marina, Overlook at Mossy Oaks is ideally suited for luxury housing development.
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Overlook at Mossy Oaks
Offers Due:  Thursday, January 16, 2025
25 Acres
71 Johnny Morral Cir
Port Royal, SC  29935
Type:  Land
Posted: 11/15/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 428-unit Parc at South Green apartment community located in Houston, Texas.  This property is situated in the thriving area of southeast Houston surrounded by major employment hubs, with convenient access to Houston’s transportation corridors.  Built in 1984, Parc at South Green represents an outstanding opportunity to invest in a positively performing asset with proven upside.
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Under Contract
Parc at South Green
428 Units
12510 S. Green Dr.
Houston, TX  77034
Posted: 7/23/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 307-unit Broadway Townhomes & Park Place Townhomes multifamily communities located in Atlanta, Georgia. These assets are strategically-located in the thriving Atlanta aerotropolis with direct access to the metro’s largest employer, Hartsfield-Jackson International Airport. Built in 1970 & 1971 with Park Place being fully renovated in 2018, these two properties offer expansive, townhome floor plans in a surging south Atlanta multifamily submarket.
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Broadway & Park Place Townhomes (2 properties, 307 units)
Parc Place Townhomes
124 Units
2001 Godby Road
College Park, GA  30349
Type:  Multifamily
Posted: 1/16/2024
Cushman & Wakefield Inc., as exclusive advisor, is pleased to present the opportunity to acquire the Novus Lakefront Mixed-Use Development Site (the “Development Site”), presenting a rare opportunity to develop five lake front parcels. With significant frontage on Tempe Town Lake, the Development Site is comprised of approximately 14 acres in the Novus Innovation Corridor at Arizona State University, and represents the largest undeveloped contiguous lake front site on Tempe Town Lake.
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Parcel 5C-5D-5E-5FW-5FE-Novus Innovation Center
14.4 Acres
NWC & NEC Rio Salado Parkway & Rural Road
Tempe, AZ  85281
Type:  Land
Posted: 10/5/2021

Cushman & Wakefield has been engaged by Starr Capital LLC to arrange for the sale or joint venture development of Parcels 2 & 3 at the Centre of New England (the “Property”), a 4+ million square foot mixeduse master planned community located immediately off I-95 in Coventry, Rhode Island. Totaling 58.5 +/- acres, the Property has master plan approvals in-place for up to 362 residential housing units, which can be forsale or rental (built-to-rent / single-family rental). The approvals allow a wide variety of building types, styles, sizes and configurations, including duplex, triplex, townhome, flats and single-family homes. The Property presents a sizable opportunity to capitalize on the strength and momentum of today’s housing market in a prime location just 20 minutes south of downtown Providence, RI.

Located 15 miles south of downtown Providence, 15 minutes south of Rhode Island’s TF Green International Airport and situated between two I-95 interchanges, the Centre of New England is an exceptionally convenient location that is well suited for residential and commercial development. The Centre of New England offers a variety of shopping amenities, including Walmart, BJ’s, Home Depot, as well small shops and many restaurants. In addition, the Centre of New England is home to multiple hotels, independent and assisted senior living facilities, and residential communities offering both home ownership and rental apartments. The property surrounds an 80-acre ecological preserve area that offers a serene environment ideal for the residential neighborhoods.

The Property’s location within the Centre of New England presents a unique opportunity to capitalize on the impressive area amenities as well as incredible commuter access to Providence and Newport, Rhode Island’s major resort and employment hubs. For families, Coventry offers residents one of the top-rated school districts in the state. In addition to all Coventry has to offer, the neighboring town of West Warwick offers a thriving commercial district and is home to innumerable dining, shopping and entertainment options. Residents benefit from these nearby amenities while having direct access to I-95 to easily travel throughout Rhode Island and surrounding states.

Process & Pricing

The property is available on an “as-is” basis and is being offered without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with the offering materials and access to additional due diligence information. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a “Call for Offers”.

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Parcels 2/3 at Centre of New England
58.5 Acres
Centre of New England Boulevard
Coventry, RI  02816
Type:  Land
Posted: 11/5/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 474-unit Montgomery 474 portfolio located in Montgomery, AL. Benefitting from a strong manufacturing and government-centric economy, the Montgomery metro has garnered significant capital investments. Built in 1973/1979, the Montgomery 474 enters the market with an average occupancy of 78%. This presents an excellent opportunity for the next investor to enhance net operating income through stabilization, supported by effective management and strategic capital improvements.
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Under LOI
Montgomery 474 Portfolio (2 properties, 474 units)
Park at Fountain Lane
242 Units
3364 Fountain Lane
Montgomery, AL  36116
Type:  Multifamily
Posted: 10/11/2024

Cushman & Wakefield’s Multifamily Advisory Group is pleased to present the opportunity to acquire 100 Park Place, a 42-unit value-add apartment community located in Pawtucket, Rhode Island. The property is comprised of two (2) three-story buildings on 1.1 acres of land and boasts an attractive unit mix of seven (7) one-bedroom units and thirty-five (35) twobedroom units.

Proximate to Providence, Pawtucket is an emerging market known for its rich industrial history and revitalized downtown area.

100 Park Place is ideally located near the Pawtucket MBTA train station, which opened in 2023 as part of the MBTA’s effort to improve regional transportation and expand services in Rhode Island. It serves the MBTA’s commuter rail service, providing easy connections to Providence and beyond, making it a key asset for those traveling for work or leisure.

100 Park Place represents a compelling investment opportunity in a growing market. With strategic renovations and management improvements, investors can capitalize on the increasing demand for quality rental housing in a highly desirable submarket.

Process & Pricing

100 Park Place is offered on an “as-is” basis and without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with access to the offering memorandum and due diligence materials. Once investors have had an opportunity to review the offering materials and tour the property, C&W will schedule a “Call for Offers”.

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Park Place
42 Units
100 Park Place
Pawtucket, RI  02860
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Clarksville 7 Portfolio within the Clarksville, Tennessee MSA. This portfolio offers seven individual properties, five of which are in Clarksville and the remaining two in Oak Grove, Kentucky. Built between 1995-2005, the portfolio represents an outstanding opportunity to combine immediate economies of scale with assumable 4.88% fixed rate Fannie Mae loans. While current ownership has completed extensive reconstruction on two assets (Blue Grass Meadows and Whitehall Townhouses), new ownership can unfurl a brand new value-add program to push portfolio rents $172 at a 24% ROI.
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Clarksville 7 Portfolio (7 properties, 844 units)
Parkway Place
120 Units
1208 Parkway Place
Clarksville, TN  37042
Type:  Multifamily
Posted: 9/26/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Peachtree Place, a 200-unit apartment community located in the capital city of Columbia, South Carolina. Known for its resilient economy, Columbia provides opportunities in government, healthcare, and education, making it an appealing environment for multifamily investments. Peachtree Place benefits from its strategic positioning near I-20 and I-26, ensuring residents easy access to downtown Columbia, major retail centers like the Harbison Corridor with over 3 million square feet of retail space, and grade A Lexington-Richland School District 5. The area features strong demographics with 65% of residents pursuing higher education and a 64% white-collar workforce. Built in 1972, Peachtree Place offers an attractive opportunity for new ownership to complete the in-place, proven value-add program ($310+ avg. premiums), to bridge the gap to submarket competitors.
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Peachtree Place
200 Units
200 Berryhill Road
Columbia, SC  29210
Type:  Multifamily
Posted: 7/23/2024
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 25-acre, Peters Tract development opportunity located in Aiken, South Carolina. Situated adjacent to Aiken Elementary School, Peters Tract is approved for a 275-unit apartment community giving developers the chance to contribute to a 59-acre PUD. The land is positioned near the redevelopment of Aiken Mall, which will transition to a live, shop, play district that will spur future development in the coming years as new residents flock to the area. The submarket is attracting a stronger demographic base more than ever, with average household income of $93.9K, 70% White Collar Workforce, and 46% of residents hold a bachelor’s degree or higher within a 3-mile radius. Rental rates have surged over the past 5 years, realizing a 27% uptick. Peters Tract is poised to reward developers on a continued path of growth as vacancies trend downward and rental rates surge during the massive migration to the Sunbelt region.
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Peters Tract Multifamily Development Site
24.78 Acres
Rinehart Way
Aiken, SC  29803
Type:  Land
Posted: 9/6/2023

9.01-acre shovel ready site in Woodland Park

Approved development plan for 49 Townhomes & 20 Paired Patio Homes

Rare development opportunity with limited supply of rental and for sale products in the area

Existing stormwater retention available next to the site that serves the project and the larger Stone Ridge subdivision

Located within the desirable Stone Ridge development that has completed all the required parkland dedication & fees required by the city

3.52 acres of internal open space for resident and trail use

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Pines at Stone Ridge
9.01 Acres
845 Research Drive
Woodland Park, CO  80863
Type:  Land
Posted: 4/29/2024