4038 Dover Dr, Colorado City, CO


Purchased the former Columbia House distribution facility for 20% of replacement cost.  Kroger occupied the entire building on a two-year lease, eventually extending for one additional year.  Property generated a $700,000 NOI.  Used excessive cash flow to pay down 90% of the loan before distributing profits to the investors.  


Cost PSF
Sale Price
Total Cost
Acquisition Date
April, 2003
Add. Capital Costs
Sale Date
March, 2005
Total Project Size
248,000 SF
Sale Price / SF
Avg Annual Return
Acquisition Price