6795 E Tenessee 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 20% to 80% within 8 months after acquisition Refinanced this asset with a $3,750,000, non-recourse, 30-year amortization loan at 7.19% interest rate

Details

Cost PSF
$19.23
Acquisition Price
$975,000
Total Cost
$1,250,000
Acquisition Date
April, 1994
Add. Capital Costs
$275,000
Sale Date
Jan, 2012
Total Project Size
65,000