Bridge Creek Office Park
8751 E Hampden Ave, Denver, CO 80231
Description
Value enhanced by immediate improvements to buildings. Exit strategy was to convert all units to office condominiums. Sold $1,500,000 of condominiums with 24 months after acquisition.
Details
| Cost PSF $36.54 | Sale Price $2,650,000 | Total Cost $950,000 |
| Acquisition Date July, 1995 | Add. Capital Costs $140,000 | Sale Date June, 2007 |
| Total Project Size 26,000 SF | Sale Price / SF $101.92 | Avg Annual Return 70% |
| Acquisition Price $810,000 |