6451 W Colfax Ave, Lakewood, CO 80214

Description

Albertson's anchors the shopping center.  Value enhanced by immediate capital improvements and re-leasing several units at market rates.  Increased NOI by $75,000 within 12 months after closing. 

Details

Cost PSF $42.56	Sale Price $2,300,000	Total Cost $1,830,000
Acquisition Date July, 1995	Add. Capital Costs $155,000	Sale Date June, 1998
Total Project Size 43,000 SF	Sale Price / SF $53.49	Avg Annual Return 30%
Acquisition Price $1,675,000