10550 N Irma Dr, Northglenn, CO 80233

Description

Value added by painting buildings, replacing roofs, installing seamless metal mansards and renewing tenants at market rates Increased NOI over $200,000 within 12 months after acquisition Achieved tenant retention rate of 88% during hold period

Details

Cost PSF
$23.70
Sale Price
$7,500,000
Total Cost
$4,400,000
Acquisition Date
March, 1996
Add. Capital Costs
$200,000
Sale Date
Aug, 1998
Total Project Size
185,616
Sale Price / SF
$40.41
Avg Annual Return
60%
Acquisition Price
$4,200,000