Iota Fox Station
148-unit, 2024 Vintage, Class A Multifamily Asset
Property overview
- Year built 2024
- Neighborhood Globeville/Fox Park
- Stories 7
- Total units 148
- Unit mix Studio, 1 Bed, and 2 Bed
- Rentable area 73,225 SF
- Site size 0.42 AC
- Density 349 units/acre
- Parking 84 total spaces
- In-place occupancy 87.2%
- Stabilized NOI anchor ~2.2 MM
Avison Young, as exclusive agent, is pleased to present Iota Fox Station, a newly delivered 148-unit, Class A multifamily community located at 500 W 41st Avenue in Denver’s Globeville/Fox Park submarket. Delivered in 2024, Iota offers investors the opportunity to acquire modern, turnkey multifamily product with no near-term capital expenditure requirement, institutional-quality finishes, a market leading amenity package with downtown and mountain views, and direct adjacency to the 41st & Fox RTD station - one stop from Union Station and Denver’s downtown employment base. The Property sits two blocks from Fox Park, a $2 billion, 41-acre master-planned redevelopment expected to materially reshape the surrounding neighborhood through new residential, office, retail, hospitality, entertainment, and open-space uses.
Denver’s multifamily market in the middle of a historic, short-term market dislocation which represents an opportunistic buying window for investors, with the thesis being driven by timing, basis, and forward NOI recovery.
Team
James Nelson
