Brix on Belleview

Brix on Belleview

brix on bellview

about this investment

Acquisition Date:

December, 2014

Disposition Date:

October, 2016

Purchase Price:

$12,690,000

Leverage on Acquisition:

68.0%

Realized Exit Valuation:

$25,750,000

Net IRR:

69.0%

Net Multiple:

2.50x

Brix on Belleview is a 175-unit multi-family complex in Englewood, Colorado near the Cherry Hills neighborhood. Brix on Belleview is conveniently located, offering access to both downtown Denver and the Denver Tech Center. The property boasts a ‘very walkable’ score of 70 with immediate access to several retail and entertainment options, including a newly built Sprouts Farmers Market just to the east. The property is also in close proximity to major drivers like downtown Littleton, the Littleton/Downtown Light Rail Station, and Craig Hospital.

Brix on Belleview offers a variety of modern apartment living options, including fully equipped studio and one, two and three-bedroom floor plans ranging from 465 SF to 1,065 SF with an average unit size of 672 SF. Community amenities include a modern clubhouse/office (including a lounge area and leasing center), oversized pool with resurfaced deck, BBQ area, on-site laundry and secure building entrances.

Brix on Belleview was targeted for repositioning based upon significant enhancements to the building’s functionality, improved property management and operational efficiencies, which provided significant performance to the overall investment.

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One Broadway

One Broadway from Knightbridge Capital

one broadway

about this investment

Acquisition Date:

April, 2015

Purchase Price:

$5,155,000

Leverage on Acquisition:

68.1%

One Broadway is a mixed-use commercial property located in Denver, Colorado. The 35,209 SF office and retail property caters to small and mid-sized tenants seeking a professional, urban working environment with unique amenities like an above market parking ratio. The property’s central location offers tenants both an easy commute and access to a variety of shops, restaurants, and entertainment options. 

One Broadway was identified as an acquisition opportunity based upon the ability to capture near-term upside in the rent roll. By offering professional management services, plug & play office suites, and limiting below line capital exposure, Knightbridge Capital has been able to significantly enhance the income performance and stabilized the property. 

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