303-547-7357
9650 East Geddes Rd, Englewood, CO for Sale
Hospitality - FOR SALE
1/69
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9650 East Geddes Rd
Englewood, CO 80112


HIGHLIGHTS

  • 142 existing turnkey units - 10 currently used for storage
  • Flexible configurations for a mix of studio & 1-bed units
  • Consistently stable occupancy at 90%

OVERVIEW

The Extended Stay America at Denver Tech South presents a unique opportunity to acquire a stabliized hospitality investment with potential for a multifamily conversion given its construction and access to the Denver Tech Center rental market. The property features +/- 56,184 square feet across three 3-story buildings on a +/- 3.67 acre lot with 142 turn-key units. Featuring a mix of standard, king, and deluxe units, the multifamily conversion offers flexibility with studio and 1-bed layouts. All units include kitchenettes, living areas, and are individually metered for utilities. Average income per room sits just below $1800/month and occupancy around 90% for the trailing 12 months, putting this property’s performance at or above expectation for hospitality product in this submarket. The combination of competitive in-place income and a location with robust rental growth and close proximity to one of Denver’s premier employment hubs makes this opportunity suitable for a variety of investor groups locally and nationally. Property Type: Hospitality, County: Arapahoe, Year Built/Renovated: 1997/2015 & 2023, # Buildings: 3, # Stories: 2, # Units: 142, GBA: 56,184 SF, Lot Size: 159,865 SF, Construction: Stick Frame - Stucco, Roof Type: Pitched, Parking: Surface | 133 Spaces, Water/Sewer: Individual, Gas/Electric: Master/Individual, Zoning: GMC

FOR SALE DETAILS

PRICE

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# OF ROOMS

132

CAP RATE

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TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Extended Stay America Suites Denver-Tech

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1997

PARKING SPACES

151

LAND DETAILS

LAND ACRES

3.67 AC

LAND SF

159,865 SF

ZONING

GMC

APN/PARCEL ID

2075-27-3-15-001

ASK ABOUT THIS PROPERTY

Brandon KaufmanKaufman HaganMore Info
303-547-7357

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Brandon KaufmanKaufman HaganMore Info
303-547-7357

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.