Multi-Housing

Confluence at Three Springs

150 Confluence Avenue Durango, CO United States 81301
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 2016
Building Area
Occupancy 96.0 %

Property Description

Confluence at Three Springs is optimally positioned to capitalize on the robust population and employment growth occurring in the Durango market. Renowned for its exceptional quality of life with access to world-class skiing, mountain biking, hiking, and fishing, Durango has long proved alluring to young professionals, outdoor enthusiasts, and generational families. With favorable long-term rental fundamentals and exceptionally high barriers to entry, Confluence at Three Springs offers investors arguably the most attractive risk adjusted returns available in Colorado and the greater Mountain West region today.

Investment Highlights

  • JLL is pleased to present the exclusive listing of Confluence at Three Springs, a best-in-class
  • apartment community that has set the standard for Class A development in the supplyconstrained
  • resort market of Durango, Colorado. The Property is ideally situated at the heart
  • of the popular Three Springs master-planned community offering unmatched walkability,
  • recreation opportunities, along with neighborhood retail and office employment. Three
  • Springs is anchored by Mercy Regional Medical Center, an 82-bed acute care hospital
  • boasting over 1,300 recession-resistant jobs. Confluence at Three Springs was built in
  • two phases in 2016 and 2018, respectively, and leased up at a breakneck pace. Since
  • completion, the Property has averaged ~98% occupancy, and the Durango market
  • has averaged 97% occupancy.
Last Updated Date: 23 Sep 2020
Mack Nelson
Mack Nelson
Director, Capital Markets
License details
CO-FA.100075894
Christopher White
Christopher White
Director, Capital Markets
License details
CO-FA.100075931

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Last Updated Date: 23 Sep 2020

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