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Park Place at Expo 10785 E Exposition Ave 319 Unit Apartment Building For Sale Aurora, CO 80012
INVESTMENT HIGHLIGHTS
- Revere Deal Room - https://platform.reverecre.com/project/3f99cad3-9f9e-4780-bf68-460fd0139aa9
- Highly accretive assumable loan featuring a fixed 4.26% interest rate, 70%+ loan-to-value, and full-term interest-only through December 2028.
- With vacancy now elevated at roughly 34%, the asset offers more than $1.15 million in potential effective income growth once occupancy normalizes.
- The property offers a 51% discount to the cost of homeownership based on nearby single-family and condo sales within one mile.
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present Park Place at Expo Apartments, a 319-unit multifamily community located at 10785 E Exposition Avenue in Aurora, Colorado.
Originally built in 1971, Park Place at Expo offers residents a thoughtfully updated living experience with strong connectivity to major employment hubs, recreational
amenities, and regional thoroughfares. The property is comprised of five buildings situated on a 9.2-acre parcel, combining scale, accessibility, and lifestyle appeal. Park
Place at Expo Apartments features a diverse unit mix consisting of 46 studio units averaging 423 square feet, 178 one-bedroom units averaging 527 square feet, and 95
two-bedroom units averaging 788 square feet. The community showcases an attractive blend of classic design and modern upgrades, with interior finishes including hard
surface vinyl flooring, contemporary shaker cabinets, updated countertops, new white appliances, modern fixtures, and more. These upgrades enhance the overall
living experience and position the property competitively within the market.
Residents at Park Place at Expo enjoy an extensive amenity package designed to support a well-rounded live-work-play lifestyle. Community features include a business
center with complimentary wi-fi, clubhouse, fitness center, multiple grilling stations and picnic areas, package service, playground, swimming pool, and basketball court.
The property also offers significant surface parking for resident convenience. Beyond the community, residents benefit from direct access to Expo Park which is adjacent to the property, a 57-acre public amenity featuring an 18-hole disc golf course, softball fields, tennis courts, a playground, and walking paths that connect to the regional High Line Canal Trail and Westerly Creek Trail.
Park Place at Expo Apartments further benefits from excellent connectivity, with direct access to major thoroughfares such as I-25 and I-225. Its location off South
Havana Street provides residents with seamless access to east/west routes including East Mississippi Avenue and East Alameda Avenue, offering convenient connections to major employment centers, retail corridors, and entertainment destinations throughout the Denver metro area.
With its combination of scale, upgraded interiors, comprehensive amenity offerings, adjacency to a premier community park, and connectivity to major employment and
lifestyle hubs, Park Place at Expo Apartments represents an outstanding multifamily acquisition opportunity in one of Aurora’s most dynamic submarkets.
Originally built in 1971, Park Place at Expo offers residents a thoughtfully updated living experience with strong connectivity to major employment hubs, recreational
amenities, and regional thoroughfares. The property is comprised of five buildings situated on a 9.2-acre parcel, combining scale, accessibility, and lifestyle appeal. Park
Place at Expo Apartments features a diverse unit mix consisting of 46 studio units averaging 423 square feet, 178 one-bedroom units averaging 527 square feet, and 95
two-bedroom units averaging 788 square feet. The community showcases an attractive blend of classic design and modern upgrades, with interior finishes including hard
surface vinyl flooring, contemporary shaker cabinets, updated countertops, new white appliances, modern fixtures, and more. These upgrades enhance the overall
living experience and position the property competitively within the market.
Residents at Park Place at Expo enjoy an extensive amenity package designed to support a well-rounded live-work-play lifestyle. Community features include a business
center with complimentary wi-fi, clubhouse, fitness center, multiple grilling stations and picnic areas, package service, playground, swimming pool, and basketball court.
The property also offers significant surface parking for resident convenience. Beyond the community, residents benefit from direct access to Expo Park which is adjacent to the property, a 57-acre public amenity featuring an 18-hole disc golf course, softball fields, tennis courts, a playground, and walking paths that connect to the regional High Line Canal Trail and Westerly Creek Trail.
Park Place at Expo Apartments further benefits from excellent connectivity, with direct access to major thoroughfares such as I-25 and I-225. Its location off South
Havana Street provides residents with seamless access to east/west routes including East Mississippi Avenue and East Alameda Avenue, offering convenient connections to major employment centers, retail corridors, and entertainment destinations throughout the Denver metro area.
With its combination of scale, upgraded interiors, comprehensive amenity offerings, adjacency to a premier community park, and connectivity to major employment and
lifestyle hubs, Park Place at Expo Apartments represents an outstanding multifamily acquisition opportunity in one of Aurora’s most dynamic submarkets.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 8.58 AC |
| No. Units | 319 | Building Size | 206,174 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1971 |
| Apartment Style | Garden | Parking Ratio | 2.45/1,000 SF |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 319 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 8.58 AC |
| Building Size | 206,174 SF |
| No. Stories | 3 |
| Year Built | 1971 |
| Parking Ratio | 2.45/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Satellite TV
- Oven
- Range
- Views
- Walk-In Closets
SITE AMENITIES
- Business Center
- Courtyard
- Fitness Center
- Laundry Facilities
- Picnic Area
- Playground
- Tennis Court
- Gated
- Basketball Court
- Grill
- Laundry Service
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 47 | - | 420 |
| 1+1 | 176 | - | 480 - 600 |
| 2+1 | 90 | - | 740 - 880 |
| 2+2 | 6 | - | 1,080 |
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 1973-14-2-14-002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,988,535 |
PROPERTY TAXES
Parcel Number
1973-14-2-14-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,988,535
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Park Place at Expo | 10785 E Exposition Ave
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