Pinned-to-campus student housing one block from CU Boulder
1105 13th Street · Boulder · Boulder County, CO 80302
Asking price
$11,400,000
Building
31,000 sqft
Lot
0.6 ac
Cap rate
4.6%
The pitch
Section 01 / 03Investment highlights
- One block to CU Boulder
- 100% pre-leased for the coming year
- Supply-constrained Hill submarket
- By-the-bed leasing premium
Executive summary
A 36-bed student property on University Hill, a block from the CU Boulder campus and pre-leased every cycle. Boulder's building moratorium keeps supply scarce, anchoring rent growth and occupancy in the densest rental submarket in the state.
The asset
Section 02 / 03Pricing & Size
- Building Size
- 31,000 sqft
- Cap Rate
- 4.6 %
- Net Operating Income
- 524,400 $/yr
- Building Class
- Class B
Building
- Construction Type
- Wood Frame
- Condition
- Good
- Stories
- 3
- Parking Spaces
- 14
- Parking Ratio
- 1.17 per 1k sqft
Utilities
- Water
- Municipal
- Sewer
- Municipal
Multifamily Features
- Number of Units
- 12
- Occupancy
- 100 %
- Average Rent
- 3,150 $/mo
- Unit Mix
- 12 × 3BR (36 beds)
- Laundry
- In-unit
Location & Zoning
- Zoning
- R-M
- FEMA Flood Zone
- X
- Opportunity Zone
- No
Location & area
Section 03 / 03Location
40.00670, -105.27800Area & market data
Third-party sourcesNeighborhood Demographics
- Median Household Income
- $79,005
- Median Age
- 29 yrs
- Population
- 108,250 people
- Households
- 45,236
Location Context
Walk Score
58 / 100
Transit Score
42 / 100
Risk Assessment
- Seismic Zone
- 1
- Seismic Risk Category
- Low
Market Context
- Median Sale Price (5mi)
- $6,800,000
- Median Lease Rate (5mi)
- 32 $/sqft/yr