Latitude Five25

Latitude Five25

Columbus, OH
Under Contract
  • Property Type: Apartments
  • Year Built : 1965/2011
  • Property Size: 245,010 SF / 7.14 Acres / 392 Units

Overview

Capstone Apartment Partners is pleased to present Latitude Five25: a unique opportunity to acquire a centrally located, 392-unit, high-rise apartment community with significant value-add potential near downtown Columbus, OH. Latitude Five25 consists of two 15-story residential towers, offering panoramic views of the city’s skyline. Current ownership has invested nearly $4,400,000 in major capital improvements since purchase in 2017, eliminating any possibility of surprises with major systems or mechanicals. Building off this foundation, an incoming investor can focus on significantly growing NOI and generating value by capitalizing on ownership’s proven interior unit renovation program. Additionally, the property sits adjacent to downtown Columbus and is located in the path of progress expanding East of the CBD.

Latitude Five25 represents an exciting opportunity to acquire high-rise asset at a fraction of replacement cost with a myriad of avenues to generate significant value over incoming basis for investors looking to expand their Columbus portfolio or break into the market for the first time.

Investment Highlights

Immediate Management Value-Add Upside
Ongoing Capital Expenditures Provide Foundation for Interior Upgrade Program
Infill Location Directly in Path of Progress
Resilient Columbus Market Fundamentals

Contact Information

Sherief Gouda Senior Advisor P: 513.252.1427
O: 800.746.3175 ext. 708
sherief@capstone-companies.com
Nathan Murphy Senior Advisor P: 513.460.5941
O: 800.746.3175 ext. 707
nathan@capstone-companies.com
Stash Geleszinski, CCIM Managing Director P: 513.417.5588
O: 800.746.3175 ext. 705
stash@capstone-companies.com
Corey Mason Investment Sales Advisor P: 513.312.2024
O: 800.746.3175 ext. 735
corey@capstone-companies.com
capstoneapts-logo