5641 Red Ash Point, Colorado Springs, CO 80919

THE OPPORTUNITY

Lion Village is a new, purpose-built, student housing development in Colorado Springs, Colorado. The property consists of 141 units containing 506 beds. Lion Village is one of only five purpose built student housing assets that support the University of Colorado at Colorado Springs (UCCS) and it’s growing 12,500+ student population. The community was constructed in four phases with the first phase completed in 2016 and the fourth phase expected to be complete in the fall of 2019, in-time for the UCCS 2019 fall semester. The site sits upon the picturesque foothills of Northwest Colorado Springs and is surrounded by recreational hiking trails. The community is biking distance to UCCS and the University Village Colorado Shopping Center, Colorado Springs’ premier retail destination. Amenities at the property include bike racks, a fitness center, a swimming pool, tanning beds, and a business center. Lion Village is currently being operated via a by-thebed model and offers residents four different fully furnished floor plans to choose from.

 

INVESTMENT HIGHLIGHTS

1. Fastest expanding University in Colorado

2. Low supply for student housing

3. High performing apartment market

4. Proximity to premium retail

5. Growing Economy in Colorado Springs

THE PROPERTY

Lion Village is an upscale 141-unit, 506 bed, townhome-style, student housing, apartment community located in the desirable city of Colorado Springs, Colorado, serving the University of Colorado Colorado Springs. Built between 2016-2019, the property contains 18, two-story wood-frame constructed buildings with exterior siding, stone accents, and pitched roofs with composition shingles. Situated on 23.69 acres of land with a density of 5.95 units per acre, Lion Village encompasses an ideal unit mix comprised of 20 two-bedroom units measuring between 750 and 1,282 square feet, 18 three-bedroom units containing 1,282 square feet each, and 103 four bedroom units comprised of 1,282 square feet each, with an average unit size of 1,237 square feet. Offering spectacular mountain views, the property is well-maintained and beautifully landscaped with manicured grass areas, young trees and new plants.

property amenities

UNIT Amenities

  • Fully-appointed kitchen with energy efficient appliances (stove, refrigerator, dishwasher, disposal, and built-in microwave), double sinks, breakfast bar, and plenty of cabinet and counter space
  • Private entrance, oversized patio / balcony, carpeting, window coverings, wood-style flooring, and generous closet space
  • Washer and dryer included, flat screen TV, on demand water heater, and air conditioning/heating
  • Full-size bathroom with tub and shower
  • Internet, cable TV, and utilities are included
  • Private bedroom and bathroom

COMMUNITY Amenities

  • Sparkling, heated swimming pool with sundeck
  • Fitness center with cardio and weight lifting equipment
  • Business center
  • Tanning beds
  • Bike racks available, and plenty of parking
  • Planned community events
  • Free Wi-Fi access
  • Easy access to the Regional Santa Fe Trail with 40 miles of hiking / biking trails
  • 24-hour emergency maintenance, on-site management, individual leases, community mailbox area

CONTACT US

INVESTMENT ADVISORS

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
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