6600 N Wadsworth Blvd, Arvada, CO 80003

Description

Value added by making basic improvements to center and leasing up the vacant space.  Good location in west Denver market.  Sold two of the pad sites prior to closing in order to have necessary 25% equity to purchase the property. 

Details

Cost PSF
$30.00
Sale Price
$1,620,000
Total Cost
$900,000
Acquisition Date
July, 1994
Add. Capital Costs
$125,000
Sale Date
April, 1996
Total Project Size
30,000 SF
Sale Price / SF
$54.00
Avg Annual Return
200%
Acquisition Price
$775,000