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Multifamily

Ledge Rock Apartments

4155 Carson Lane, Johnstown, CO 80534

Listing Price: $78,120,000

Cap Rate
3.97%
Number of Units
252
GRM
13.76
Occupancy
80.0%
Price/Unit
$310,000
Price/Gross SF
$155.00
Gross SF
504,000

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of Ledge Rock Apartments (“The Property”), a 252-unit multifamily community located within Ledge Rock Center, a 200-acre mixed-use community on
the southeast corner of Interstate 25 and State Highway 60 in Johnstown.

The selected site at the Northern Colorado Corridor is undergoing a dramatic transformation. Johnstown and Northern Colorado continue to see tremendous growth, while surrounding markets have limited interchange opportunities left to offer, making this a prime location for development. Ledge Rock Center will contain 1,200 new apartments, 160 new single residences, and over 1-million square feet of retail space. In addition, there are three new state-of-the-art schools and 3,200 new residents within two miles.

Investment Highlights

  • Brand New Master-Planned Community
  • The Path of Development
  • Surrounded by Popular Retail, Dining, and Recreational Amenities
  • Seamless Access to Employment Hubs
  • Seller Financing Available
  • Strong Performing Northern Colorado Market

Exclusively Listed By

Multifamily

Ledge Rock Apartments

Listing Price: $78,120,000

Cap Rate
3.97%
Number of Units
252
GRM
13.76
Occupancy
80.0%
Price/Unit
$310,000
Price/Gross SF
$155.00
Gross SF
504,000

Investment Highlights

  • Brand New Master-Planned Community
  • The Path of Development
  • Surrounded by Popular Retail, Dining, and Recreational Amenities
  • Seamless Access to Employment Hubs
  • Seller Financing Available
  • Strong Performing Northern Colorado Market

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of Ledge Rock Apartments (“The Property”), a 252-unit multifamily community located within Ledge Rock Center, a 200-acre mixed-use community on the southeast corner of Interstate 25 and State Highway 60 in Johnstown. The selected site at the Northern Colorado Corridor is undergoing a dramatic transformation. Johnstown and Northern Colorado continue to see tremendous growth, while surrounding markets have limited interchange opportunities left to offer, making this a prime location for development. Ledge Rock Center will contain 1,200 new apartments, 160 new single residences, and over 1-million square feet of retail space. In addition, there are three new state-of-the-art schools and 3,200 new residents within two miles.

Exclusively Listed By

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