2121 S Oneida St, Denver, CO 80224

Description

Value enhanced by immediate renovations of building and leasing vacant space increased occupancy from 63% to 90% with 12 months after acquisition.? Maintained 90%+ occupancy during ownership. Increased NOI over $125,000 within same time period. Refinanced property with a $4,000,000 non-recourse loan at 5,96% interest rate, 30-year amortization.

Details

Cost PSF
$26.87
Sale Price
$5,350,000
Total Cost
$1,800,000
Acquisition Date
Dec, 1994
Add. Capital Costs
$225,000
Sale Date
Dec, 2006
Total Project Size
67,000
Sale Price / SF
$79.85
Avg Annual Return
65%
Acquisition Price
$1,575,000