Berkadia is pleased to present the opportunity to acquire FirstStreet at Happy Valley, a Class A, luxury Built-For-Rent community boasting a timeless design, market leading amenities, and superior finishes. The property offers 212 built-for-rent apartment homes featuring a mix of single-story apartment homes and two-story townhomes with attached garages.
The best-in-class asset features an expansive clubhouse with co-working office environment, resort style pool & spa, private fitness center, and expansive two-acre dog park creating a modern oasis that provides its residents with a plethora of opportunities to escape or engage. Amenities are complemented by attractive interior finishes including aesthetic and functional kitchens with under cabinet lights, backsplash, stainless steel appliances, and dine-in islands, smart home technology, walk-in closets, doggie doors, and private, fenced backyards.
THE OPPORTUNITY
Accessibility to Lowry, Cherry Creek, Cherry Creek Reservoir, and several public golf courses
Proximity to Aurora’s new City Center
Ease of access to major employers and employment centers as well as transportation thoroughfares
Located on the Highline Canal Trail, overlooking the 54-acre Expo Park
Strategic Location in High Growth New Loop 202 Freeway Corridor
Cherry Creek School District
Investment Highlights
Individually Metered (United Power)
Individually Metered (Xcel)
Individually Metered (Town of Erie Water)
$250
$25
$350 (1pet), $500 (2 pets)
Electric
Gas
Water/Sewer
Fees
Admin Fee
Application Fee
Pet Fee (one-time fee)
$35
Pet Rent
$125
Community Fee
Utility Billing Structure
PROPERTY SUMMary
Single Family Detached Homes
2023
2-3
151
202.596 square feet
12.18
530,560
12.4 homes per acre
Crawl Space
Style
Year Built
151
Units
Stories
Buildings
Gross Leasable Area
Acreage
Land SF
Density
Foundation
Composite Shingle
Roof
Wood Frame
Construction
LVT & Carpet
Floor Covering
PHOTO GALLERY
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SEC 59th Avenue & Dobbins Road Phoenix
2021
BUILT
1,094
AVG SF
212
UNITS
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Property
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59th and
Dobbins Land
EXAMPLE WEBSITE
STRONG WALK SCORE
METICULOUSLY MAINTAINED, BOUTIQUE TOWNHOME COMMUNITY
Ric Holway
Senior Managing Director
602.828.0074
ric.holway@berkadia.com
Andrew Curtis
Director
602.571.4190
andrew.curtis@berkadia.com
Dan Cheyne
Managing Director
602.327.4447
dan.cheyne@berkadia.com
Kristin Watson
Operations Director
602.445.1674
kristin.watson@berkadia.com
Mark Forrester
Senior Managing Director
602.526.4800
mark.forrester@berkadia.com
CONTACT Us
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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/.
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• Stainless Steel Appliances
• Granite Countertops
• Kitchen Pantry
• Walk-In Closets
• Pendant Lighting
• Washer / Dryer In Unit
• Linen Closet
• Wood-Style Plank Flooring
Unit Amenities
• Fitness Center
• Resident Lounge with Billiards
• Conference Room
• Complimentary Coffee Bar
• Package Lockets
• Bike Storage on Each Floor
Community Amenities
AMENITIES
Investment Highlights
Opportunity
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The Asset
Property
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Location
Contact
214-Unit, 3-Story Community
proposed Development
±10 Acres
AREA SIZE
414
Total Parking Spaces
20.7 Units/ Acre
Density Per Acre
214 Proposed Units E/ SEC Loop 202 & Dobbins Road
Convenient To Significant Employment Hubs in Southeast Valley & West Metro Phoenix
Integral Component of a Planned Development also including Proposed Retail & BTR Residential
Close To Burgeoning Employment / Retail / Recreational Growth in the Laveen Submarket
LOCATIon