Iota Fox Station
148-unit, 2024 Vintage, Class A Multifamily Asset
Marketing description
Denver’s multifamily market in the middle of a historic, short-term market dislocation which represents an opportunistic buying window for investors, with the thesis being driven by timing, basis, and forward NOI recovery.
- Cyclical Trough NOI with Clear Path to Recovery
- Denver Supply Cliff Drives Forward Rent Growth
- Record Demand Absorbing Inventory at All-Time Highs
- 2024 Vintage Class A - No Capex Required
- Adjacent to $2B Fox Park Master-Planned Transformation
- Transit-Oriented Position with Direct Downtown Access
Investment highlights
Avison Young, as exclusive agent, is pleased to present Iota Fox Station, a newly delivered 148-unit, Class A multifamily community located at 500 W 41st Avenue in Denver’s Globeville/Fox Park submarket. Delivered in 2024, Iota offers investors the opportunity to acquire modern, turnkey multifamily product with no near-term capital expenditure requirement, institutional-quality finishes, a market leading amenity package with downtown and mountain views, and direct adjacency to the 41st & Fox RTD station - one stop from Union Station and Denver’s downtown employment base. The Property sits two blocks from Fox Park, a $2 billion, 41-acre master-planned redevelopment expected to materially reshape the surrounding neighborhood through new residential, office, retail, hospitality, entertainment, and open-space uses.
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