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