303-328-2000
10785 E Exposition Ave, Aurora, CO for Sale
Apartments - FOR SALE
1/22
null | Request Cap Rate

10785 E Exposition Ave
Aurora, CO 80012
Expo Park


HIGHLIGHTS

  • Revere Deal Room - https://platform.reverecre.com/project/3f99cad3-9f9e-4780-bf68-460fd0139aa9
  • With vacancy now elevated at roughly 34%, the asset offers more than $1.15 million in potential effective income growth once occupancy normalizes.
  • Highly accretive assumable loan featuring a fixed 4.26% interest rate, 70%+ loan-to-value, and full-term interest-only through December 2028.
  • The property offers a 51% discount to the cost of homeownership based on nearby single-family and condo sales within one mile.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

319

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park Place at Expo

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1971

PARKING SPACES

458

LAND DETAILS

LAND ACRES

8.58 AC

LAND SF

373,745 SF

ZONING

-

APN/PARCEL ID

1973-14-2-14-002

ASK ABOUT THIS PROPERTY

Jason HornikMarcus & MillichapMore Info
303-328-2000

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Jason HornikMarcus & MillichapMore Info
303-328-2000

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