Bear Creek Commons
3110 S Wadsworth Blvd, Lakewood, CO 80227
Description
Purchased to complete 1031 tax deferred exchange. Value added by major renovations to common areas with new lighting, wall coverings, carpet and ceiling tiles. Increased NOI over $55,000 within 18 months after acquisition.
Details
| Cost PSF $59.02 | Sale Price $1,750,000 | Total Cost $1,440,000 |
| Acquisition Date Feb, 2000 | Add. Capital Costs $240,000 | Sale Date Aug, 2001 |
| Total Project Size 24,397 SF | Sale Price / SF $71.73 | Avg Annual Return 42% |
| Acquisition Price $1,200,000 |