JCRS Shopping Center
6451 W Colfax Ave, Lakewood, CO 80214
Description
Albertson's anchors the shopping center. Value enhanced by immediate capital improvements and re-leasing several units at market rates. Increased NOI by $75,000 within 12 months after closing.
Details
| Cost PSF $42.56 | Sale Price $2,300,000 | Total Cost $1,830,000 |
| Acquisition Date July, 1995 | Add. Capital Costs $155,000 | Sale Date June, 1998 |
| Total Project Size 43,000 SF | Sale Price / SF $53.49 | Avg Annual Return 30% |
| Acquisition Price $1,675,000 |