Unmatched Urban Convenience: The Jefferson is perfectly positioned just steps from downtown Denver, offering residents seamless access to over 145,000 jobs and a vibrant Uptown neighborhood. With a remarkable 96 Walk Score, this Walker’s Paradise is surrounded by popular bars, restaurants, and coffee shops, including local favorites like Ace Eat Serve and Steuben’s Uptown.
Dynamic Lifestyle and Entertainment Hub: Residents of The Jefferson enjoy proximity to premier shopping and entertainment venues such as the 16th Street Mall, Denver Pavilion, Fillmore Auditorium, and Ogden Theatre. This dynamic location ensures endless opportunities for leisure and entertainment, enhancing the live-work-play lifestyle.
Operational and Value-Add Upsides: The Jefferson offers new ownership both operational and value-add upside. Based on guidance pricing, a new investor is projected to achieve a Year 1 cap rate of 6%+ by engaging new property management and reducing controllable expenses. Additionally, since existing ownership has already made improvements to the building and common areas, new ownership can focus on execution of a unit refurbishment program to potentially increase rental rates by as much as $200 per unit, resulting in a post-refurbishment projected cap rate of 7%+.
Immediate Scale and Tax Savings Opportunity: The Jefferson provides an investor with immediate scale in an urban infill submarket, along with the potential for a reduced property tax bill.
Assumable Financing: The Jefferson provides an investor with the opportunity to assume in-place, accretive financing.