Location
THE ASSET
Home
DOCUMENT CENTER
CONTACT US
PRIVACY
TERMS OF USE
3418 Larimer Street | Denver, CO 80205
66 UNITS | BUILT 2015
Link 35 is a boutique mixed use project, with 66 apartment homes and 9,834 square feet of retail space, in the trendy River North Arts District (RiNo) of Metro Denver. As one of the most popular neighborhoods in Denver, RiNo provides a live-work-play environment with numerous art galleries, boutique stores, restaurants, craft breweries, concert venues, and employers all just steps from Link 35’s doorstep. Adding to the area’s charm, many of these buildings have been re-purposed from industrial buildings, maintaining their brick and timber structure, to incorporate the area’s origins of the industrial hub that drove Denver’s growth.
Originally established by local artists as an alternative to the higher cost of Downtown Denver neighborhoods, RiNo has seen unprecedented growth over the last decade. Between 2010 and 2023, the population within one mile of Link 35 increased by 35.2% and a further 10.5% growth is projected over the next five years.
With convenient access to major highways, RTD Light Rail, and employment hubs, backed by world-renowned and sought after local businesses, the distinct neighborhood is a natural draw for prospective residents. The below market contract rents present a new owner a mark-tomarket opportunity with future renovation upside and ground floor retail that provides income diversification and desirable services for tenants.
THE Opportunity
PROPERTY SUMMary
3418 Larimer St. | Denver, CO 80205
Denver County
66
2015
0226305055000 & 0226305054000
Mixed-Use
3
1
54,352
0.86
Units
Year Built
Parcel Number
Style
Stories
Buildings
Gross Leasable Area
Acreage
37,470
Land SF
Slab on Grade
Foundation
Layered Membrane
Roof
Podium
Construction
Polished concrete, LVP, & Carpet
Floor Covering
Individual Electric Furnaces & Condenser Units
Individual Gas
Aquatherm
Individually Metered
Individually Metered
RUBS
Mechanical Systems
HVAC
Hot Water
Heat
Utility Billing Structure
Gas
Electric
Water/Sewer
Third-Party
Parking
450
Open Surface Parking
1.63
Parking Ratio
90
Covered Carports
$45
Covered Carport Fee
Cable & Internet
Fees
$200
Admin Fee
$40
Application Fee
$250
Pet Deposit
$30
Pet Rent
$50
Storage
Parking
50 Garage Spaces ($150/mo), 21 Open Spaces
Covered Parking
1.08
Parking Ratio
LOCATION
Photo Gallery
3418 Larimer St. | Denver, CO 80205
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.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
Keith Rosso
Managing Director
310.209.3207
keith.rosso@berkadia.com
JEREMY KANTER
Associate Director
310.209.3238
Jeremy.Kanter@berkadia.com
1331 17th Street | 10th Floor | Denver, CO 80202
Phone: 303.689.8312 | Fax: 303.689.8352
Mortgage Bankers:
Denver Office
Nate Moyer
Director
303.689.8320
nate.moyer@berkadia.com
Nick Steele
Managing Director
303.689.8306
nick.steele@berkadia.com
Investment Advisors:
CONTACT Info
BACK TO TOP
BOUTIQUE APARTMENTS IN A BIG BOX LOCATION
Link 35 provides residents with boutique apartment-living in an area that is increasingly focused on significantly larger and higher density properties. Compared to the neighborhood’s 270-unit average, the 66-unit Link 35 naturally cultivates a stronger community for its residents and offers investors an entry into a desirable location at a lower overall basis.
SURROUNDED BY INNOVATION AND ENTERTAINMENT
Residents at Link 35 live in the heart of Denver’s most creative neighborhood. Living up to its slogan of “where art is made” RiNo has over 18 art galleries, 7 art studio buildings, numerous murals painted by local and world renowned artists alike, and has become home for various start-ups, marketing, architecture, and design firms. In addition to being a hub for artists and innovators, there is always something to keep everyone entertained. From numerous boutique stores, restaurants and bars, craft breweries, golf simulation, event, and concert venues, RiNo is home to over 1,450 businesses in the immediate area.
DESIRABLE URBAN LOCATION
The availability of walkable amenities and nearby entertainment, combined with the accessibility to various methods of public transit draws many young, well-educated professionals to the neighborhood. Demonstrated by over half of the population being 25 to 44 years old with over 60% of which holding a bachelor’s degree or higher, as compared to the county wide’s 38%, the desirable urban location provides convenience from Link 35’s doorstep. RiNo’s high level of livability has not gone unnoticed, with Lonely Planet naming RiNo one of the top 10 neighborhoods in America to visit.
PROXIMITY TO EMPLOYERS
Link 35 provides tenants with the opportunity for a true live-work-play experience. Over 211,207 people are employed by 20,014 businesses within a 3-mile radius, making up 47% of Denver county’s workforce. Many of these jobs are concentrated in Professional & Business Services or the Education & Health Services sectors. Proximity to I-70 and I-25 conveniently connects RiNo to the greater Denver Metro area and surrounding population centers. With an accessible location, residents can also travel to both the Denver International Airport and the Denver Tech Center in less than 30 minutes.
MARK-TO-MARKET UPSIDE
In-place residential rents at Link 35 are currently well below the average market rate for similar properties nearby. A new owner has the opportunity to increase rental rates on day one, while still maintaining a competitive price point. Further, the property offers the potential to upgrade units providing additional upside. Together, these factors create the potential for significant returns on an attractive basis.
1
INVESTMENT HIGHLIGHTS
2
3
4
5
Home
The Asset
Location
Document Center
Terms of Use
Privacy
Contact Us
ANNIE LISTON
Operations Director
303.689.8356
annie.liston@berkadia.com
GARETH WHITHAM
Financial Analyst
303.689.8345
gareth.whitham@berkadia.com
SAMUEL MALDONADO
Transaction Manager
303.607.9012
samuel.maldonado@berkadia.com
54,352
44,518
9,834
Leasable Area Breakdown
Gross Leasable Area:
Multifamily GLA:
Retail GLA:
Parking
450
Open Surface Parking
1.63
Parking Ratio
90
Covered Carports
$45
Covered Carport Fee
Visit Doc Center
Visit Doc Center
