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8/05/24
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Brixton Capital has acquired Parkside at Littleton Village, a 114-unit boutique apartment community located at 300 E. Fremont Place in Littleton, CO. Built in 2022, Parkside at Littleton Village offers a mix of large floorplans, with an average unit size of 1.2k sf and ceiling heights ranging from nine to 13 feet.
Amenities at the property include scenic mountain and city views, a clubhouse with a coffee café bar, outdoor fireplaces, secure controlled entry doors and elevators and an entertainment and game room. Residents also have access to a pet park, playground, modern co-working spaces with Wi-Fi throughout the property, garage parking with electric vehicle charging stations and a state-of-the-art fitness center. Other features include package lockers, outdoor barbeque areas and luxury finishes inside the homes.
Parkside at Littleton Village is situated at the intersection of Broadway and Dry Creek Rd, offering a central location with convenient access to major highways including US-85, Hwy 470 and Hwy 177. This connectivity offers residents access to the greater Denver metro area and the broader Front Range. Within a five-minute drive, residents shop at grocery-anchored shopping centers including a Whole Foods, Safeway and King Soopers, as well as other major destinations including Historic Downtown Littleton, The Streets of SouthGlenn, Aspen Grove, Central Park and the Park Meadows Mall.
The property’s location within the esteemed Littleton Public School District, ranked sixth-best in the state of Colorado, further strengthens its appeal to the target rental market. This attraction is bolstered by the property’s unit mix, with 86% comprising two- and three-bedroom floorplans.
Brixton plans to rebrand the asset. Sares-Regis will manage day-to-day operations at the property.
Matt Barnett of Walker & Dunlop represented the seller. Brixton Capital represented itself in the transaction. The price was not given out.
“Situated within Littleton Village, the property offers residents open green spaces and access to key amenities such as grocery-anchored shopping centers, a variety of dining options and access to major employment corridors,” noted Brixton Capital Acquisitions Director Mark Mandala. “We are encouraged by the economic tailwinds as Littleton’s median single-family home price surpassed $700,000 in 2024, and the area boasts an unemployment rate of 3.8% as of June 2024, compared to 4.0% in the Denver MSA, and 4.1% in the U.S. per the U.S. Census Bureau.”
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