6825 E Tennessee Ave, Denver, CO 80224

Description

Value enhanced by strong marketing plan and immediate renovation of building. Renovations included new common area lighting, wall coverings, carpet, marble and granite tile and restroom improvements Increased occupancy from 80% to 95% within 3 months after acquisition.? Maintained 85% occupancy. Increased NOI over $75,000 within the same period Refinanced this asset with a $4,600,000, 30-year amortization, 10-year fixed, non-recourse load at 7.19% interest rate

Details

Cost PSF
$36.76
Acquisition Price
$1,965,000
Total Cost
$2,465,000
Acquisition Date
Aug, 1996
Add. Capital Costs
$500,000
Sale Date
Jan, 2012
Total Project Size
67,065