Ward-70 Business Center
5171-5191 Ward Road, Wheat Ridge, CO 80033
Description
Value enhanced by immediate renovations of buildings and leasing vacant space. Increased occupancy from 85% to 100% within 12 months after acquisition. Refinanced property with 1 year after acquisition.
Details
| Cost PSF $57.83 | Sale Price $4,600,000 | Total Cost $4,085,000 |
| Acquisition Date March, 1999 | Add. Capital Costs $235,000 | Sale Date July, 2005 |
| Total Project Size 70,644 SF | Sale Price / SF $65.12 | Avg Annual Return 24% |
| Acquisition Price $3,850,000 |