Hampden South community condominium group sells for $91 million

A 3-building multi-housing group in Denver’s Hampden South community has been bought for $91.1 million, in step with the town’s Assessor’s Place of business.

Previously known as The District by means of Windsor, 6300 E Hampden Street, The District at Hampden South used to be bought by means of GID, an actual property corporate founded in Boston, to Mesirow Monetary, a Chicago-based monetary products and services company, in step with a Tuesday information liberate from JLL Capital Markets.

“The sale of The District by means of Windsor demonstrates the ongoing investor urge for food for well-located, value-add multi-housing property within the Denver metro space,” stated Jordan Robbins, senior managing director at JLL, within the information liberate.

“The valuables’s strategic location close to main employment facilities and its attainable for unit inside upgrades made it a beautiful funding alternative in lately’s marketplace.”

Built in 2007, the mid-rise condominium group is located on a 7-acre plot and lines just about 250,000 sq. toes of residential house, complemented by means of 16,622 sq. toes of business house.

The valuables could also be close to a King Soopers and transportation just like the Belleview Station and RTD Southmoor Station, providing handy get right of entry to to buying groceries facilities and main employment hubs, together with the Southeast Trade Hall.

In line with Denver belongings information, GID bought the valuables for a bit of over $60 million in January 2008.

With over 60 years of enjoy, GID manages $30 billion in property as of Sept. 30, together with 57,000 condominium gadgets and 28 million sq. toes of business and industrial house whilst additionally providing industrial actual property debt answers thru its credit score platform.

With a 95% occupancy price, The District has 276 gadgets, that includes a number of studio, one- and two-bedroom residences, in line with their web page.

Every unit is supplied with 9-foot ceilings, connoisseur kitchens with stainless-steel home equipment and darkish cherry picket or maple cabinetry. Make a choice residences function 20-foot cathedral ceilings and fuel fireplaces.

The valuables additionally supplies a spread of facilities, together with a year-round spa and sizzling bathtub, a resort-style swimming pool, a 24-hour health club, a resident clubroom and EV charging stations.