The Essex offers investors with the rare opportunity to own a twenty unit, turn-key boutique hospitality property in the core of Denver. Anchored by a master lease through Sonder, an operator of a rentals marketplace for travelers, this trophy asset provides above market returns. The newly renovated building boasts the perfect mix of old world charm and modern amenities. Since November of 2018 the property was granted historical landmark status by the City of Denver just after undergoing an extensive renovation. The scope of the
renovation included new MEP systems, completely gutted and remodeled units, new mini-split heating and cooling units and a new roof. The lessee, Sonder USA Incorporated, signed a three year modified gross lease agreement on the building
and are responsible for all expenses sans insurance and taxes. The lease features two tenant five-year options available after the initial lease term has expired and annual rent increases of 2.5%.
We measure our success by the quality and efficiency of the solutions provided by our high-level team. As a result of this business practice, Nexus has succeeded alongside of clients and we hold a significant market share.