350 South Harlan St, Lakewood, CO 80226

Description

Value enhanced by immediate renovations and renewing/restructuring leases.? Renovations included painting common areas, installing new carpeting and improving the lobbies and restrooms. Increase NOI over $85,000 within six months after acquisition After experiencing a loss of a major tenant (20%), the LLC decided it was not a long term asset and sold the property

Details

Cost PSF
$45.04
Sale Price
$2,400,000
Total Cost
$2,200,000
Acquisition Date
Feb, 1998
Add. Capital Costs
$100,000
Sale Date
May, 2005
Total Project Size
48,847
Sale Price / SF
$49.13
Avg Annual Return
22%
Acquisition Price
$2,100,000