Northglenn Service Center
10550 N Irma Dr, Northglenn, CO 80233
Description
Value added by painting buildings, replacing roofs, installing seamless metal mansards and renewing tenants at market rates. Increased NOI over $200,000 within 12 months after acquisition. Achieved tenant retention rate of 88% during hold period.
Details
| Cost PSF $23.70 | Sale Price $7,500,000 | Total Cost $4,400,000 |
| Acquisition Date March, 1996 | Add. Capital Costs $200,000 | Sale Date Aug, 1998 |
| Total Project Size 185,616 SF | Sale Price / SF $40.41 | Avg Annual Return 60% |
| Acquisition Price $4,200,000 |