York Street Industrial Center
4705-4785 York St, Denver, CO 80216
Description
Redeveloped single tenant trade facility into successful multi-tenant maintenance facility. Leased buildings from 0 to 100% in 12 months. Refinanced property with a $2,425,000 non-recourse, 10-year amortization, 6.38% fix rate loan within 14 months of acquisition, returning all capital.
Details
| Cost PSF $24.10 | Sale Price $3,650,000 | Total Cost $1,350,000 |
| Acquisition Date Feb, 2006 | Add. Capital Costs $350,000 | Sale Date Sept, 2008 |
| Total Project Size 56,014 SF | Sale Price / SF $65.16 | Avg Annual Return 86% |
| Acquisition Price $1,000,000 |