Golden Gate Apartments was built in 2017 and offers investors the unique opportunity to acquire a turnkey asset in one of the nation’s hottest growth markets. This well-located property is in the highly desirable “West End” of Bozeman, and is within a 5-minute drive of Montana State University and the Gallatin Valley Mall. Golden Gate’s expansive 2-bedroom, 2-bathroom 1,200 SF units perfectly suit a large demographic of tenants and addresses a significant housing need in the Bozeman market.
From 2010 to 2020 Bozeman’s population grew 43%, putting considerable pressure on housing affordability and supply, and demonstrated by the 98%+ market occupancy. The median price of a single-family home in Bozeman is $850,000 creating a massive rent vs. own delta of nearly $1,500/month. With significant barriers to entry, and a tight labor market limiting future housing deliveries, Golden Gate Apartments will remain a highly desirable asset as Bozeman continues to experience population growth.
The Opportunity
33
2016
±50,535
±1,531
1.47
22.45 Units / Acre
8
3
No of Units
Year Completed
Net Rentable SF
Avg Unit Size
Net Acreage
Net Density
No. Buildings
No. Floors
133-11-539 through 133-11-572
33
17
83
2.52
Parcel Number
Two Car Garages
Uncovered Spaces
Total Parking
Parking Ratio/Unit
PROPERTY INFO
The Location
Neighborhood Stats
NEIGHBORHOOD SHOPPING
NEIGHBORHOOD CONVENIENCES
PRIMARY EDUCATION
DEMAND DRIVER
GALLERY 1/2
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/.
Ric Holway
Senior Managing Director
602.828.0074
ric.holway@berkadia.com
Dan Cheyne
Managing Director
602.327.4447
dan.cheyne@berkadia.com
CLAY ANDERSON
Senior Managing Director
208.440.2486
clay.anderson@berkadia.com
Spencer Hansen
Director
208.921.2560
spencer.hansen@berkadia.com
Kristin Watson
Operations Director
602.445.1674
kristin.watson@berkadia.com
CONTACT Us
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Market
PRICE
AVG SF
1,200 SF
built
2018
units
18
±22.45 Units Per Acre
DENSITY
average sf
1,200 SF
1,531
Apartment
Homes Avg SF
2017
BUILT
Previous
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The Place on Jentilly offers 33 two- and three-bedroom townhome units in well-designed three-story floorplans featuring attached two-car garages. Community amenities include a swimming pool, dog park, and attractive landscaping.
Investment Highlights
METICULOUSLY MAINTAINED, BOUTIQUE TOWNHOME COMMUNITY
Investment Highlights
Photo GALLERY
THE PROPERTY
Photo Gallery
Location
Property
Opportunity
Doc Center
4835 Golden Gate Avenue | Bozeman, MT 59718
GOLDEN GATE
Within a three-mile drive of the property
Stores and Restaurants
100
SF Shopping Destination
1.3m
From the Property
2.9mi
Nordstrom Rack | Barnes & Noble H&M | Harkins Theatres
COMBINED JOBS
SUPPORTED
2.9k
Combined Schools
and Centers
28
COMBINED STUDENTS
Served
23.9k
Curry ES | Connolly MS | McClintock HS
From the Property
0.6mi
8.3k
JOBS SUPPORTED
STUDENTS ENROLLED (FALL 2021)
54.9k
Arizona State University – Tempe Campus
Approximately 40,500 students live off-campus
From the Property
TOTAL JOBS Supported
2.0mi
7.6k
SF Facility
2.0m
State Farm Insurance – Regional Headquarters
Banner Desert Medical Center
From the Property
JOBS Supported
4.0mi
3.7k
Hospital Beds
450
ARIZONA STATE UNIVERSITY’S ACADEMIC EXCELLENCE,
DRIVING TEMPE’S
INNOVATION WORKFORCE
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GAME CHANGING ECONOMIC DEVELOPMENTS BUILD ON NORTH TEMPE’S SUCCESS
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HIGHLY EDUCATED RESIDENT PROFILE AUGMENTED BY NORTH TEMPE EMPLOYMENT HUB
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RISING MORTGAGE PAYMENTS PROVIDES INCREASING DEMAND
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METICULOUSLY MAINTAINED, BOUTIQUE TOWNHOME COMMUNITY
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STRONG WALK SCORE
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CENTRALIZED LOCATION NEAR THREE MAJOR THOROUGHFARES
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GALLERY 2/2
OPPORTUNITY
PROPERTY
LOCATION
PHOTO GALLERY
DOC CENTER
Entry-level mortgage payments in Phoenix have increased 42% year-over-year, pricing out many would be home buyers and driving continual demand for SFR/BRF housing.
Investment Highlights
RISING MORTGAGE PAYMENTS PROVIDES INCREASING DEMAND
Located approximately two miles north of Place on Jentilly, North Tempe is a well-established economic region synonymous with coveted Class A office infrastructure supporting Fortune 500s, large financial services, and Silicon Valley tech companies.
Investment Highlights
HIGHLY EDUCATED RESIDENT PROFILE AUGMENTED BY NORTH TEMPE EMPLOYMENT HUB
North Tempe continues to undergo major transformation with exciting new mixed development projects such as the Grand at Papago Center, I.D.E.A Campus, South Pier at Tempe Town Lake, and Arizona State University’s Novus Innovation Corridor.
Investment Highlights
GAME CHANGING ECONOMIC DEVELOPMENTS BUILD ON NORTH TEMPE’S SUCCESS
Arizona State University’s long-term success underpins the rapidly growing economies of Tempe and its surrounding communities by accounting for an indirect impact of ±53,600 jobs added to support the growing opportunities of ASU and its partnerships.
Investment Highlights
ARIZONA STATE UNIVERSITY’S ACADEMIC EXCELLENCE, DRIVING TEMPE’S INNOVATION WORKFORCE
Positioned near the Northeast corner of Broadway & Rural Road, the property is less than a 10-minute walk to Arizona State University’s – Main Campus, home to ±54,900 students. The community abuts North Tempe’s only Safeway grocery store, offering outstanding everyday convenience.
Investment Highlights
STRONG WALK SCORE
The property offers quick access to the U.S 60, Loop 101, and Loop 202 freeways enabling further reach to powerful corridors throughout Scottsdale, Phoenix, Chandler, and Mesa. Over 1,000,000 jobs are accessible within a 20-minute commute.
Investment Highlights
CENTRALIZED LOCATION NEAR THREE MAJOR THOROUGHFARES
Tempe, AZ
THE place on jentilly
Neighborhood
Shopping
Tempe, AZ
THE place on jentilly
Neighborhood Conveniences
Tempe, AZ
THE place on jentilly
Primary Education
Tempe, AZ
THE place on jentilly
Demand Driver
Contact Us
Tempe, AZ
THE place on jentilly
Neighborhood Quick Facts
City Unemployment Rate (*Preliminary for August 2022)
3.2%*
Median Household Income
(Within Three Miles)
$54.3k
Renter Occupied Housing Units (Within Three Miles)
52%
Population
(Within Three Miles)
155.9k
Median Housing Unit Value (Within Three Miles)
$543.6k
GALLERY 2/3
GALLERY 1/3
Privacy
Terms of Use
Privacy
Terms of Use
The Location
Neighborhood Stats
NEIGHBORHOOD SHOPPING
NEIGHBORHOOD CONVENIENCES
PRIMARY EDUCATION
DEMAND DRIVER
S
Rural & Apache Light Rail
Marina Heights
Downtown Tempe
Tempe, AZ
THE place on jentilly
Demand
Driver
Banner Desert Medical Center
From the Property
JOBS Supported
4.0mi
3.7k
Hospital Beds
450
State Farm Insurance – Regional Headquarters
From the Property
TOTAL JOBS Supported
2.0mi
7.6k
SF Facility
2.0m
From the Property
JOBS SUPPORTED
0.6mi
8.3k
STUDENTS ENROLLED (FALL 2021)
Arizona State University – Tempe Campus
Approximately 40,500 students live off-campus
54.9k
Tempe, AZ
THE place on jentilly
Primary
Education
COMBINED JOBS
SUPPORTED
2.9k
Combined Schools
and Centers
28
COMBINED STUDENTS
Served
23.9k
Curry ES | Connolly MS | McClintock HS
Tempe, AZ
THE place on jentilly
Neighborhood
CONVENIENCES
Tempe, AZ
Within a three-mile drive of the property
Tempe, AZ
THE place on jentilly
Neighborhood
Shopping
Stores and Restaurants
100
SF Shopping Destination
1.3m
From the Property
2.9mi
Nordstrom Rack | Barnes & Noble H&M | Harkins Theatres
Tempe, AZ
THE place on jentilly
Neighborhood
Quick Facts
City Unemployment Rate (*Preliminary for August 2022)
3.2%*
Median Household Income
(Within Three Miles)
$54.3k
Renter Occupied Housing Units (Within Three Miles)
52%
Population
(Within Three Miles)
155.9k
Median Housing Unit Value (Within Three Miles)
$543.6k
Turnkey asset
in one of the nations hottest markets, Bozeman, MT
LARGE UNITS
1,200 SF 2BD, 2BA units catering to a large demographic of renters
Rent vs. own
delta nearly $1,500 as rising interest rates and home prices continue to put stress on first time home buyers
FAVORABLE SUPPLY & DEMAND
trends and Bozeman’s growth continues to outpace housing deliveries
investment highlights
THE LOCATION
BOISE OFFICE
6225 North Meeker Place
Suite 210
Boise, ID 83713
average sf
1,200 SF
2017
BUILT
GALLERY 3/3
Bozeman Office
895 Technology Blvd
Suite 102
Bozeman, MT 59718
RICK VIDRIO
Managing Director
586.915.0895
rick.vidrio@berkadia.com