4120 Brighton Blvd, Denver, CO 80216

Description

Refinanced this asset in 2008 with a $7,000,000, 10-year fixed, non-recourse loan at 6% interest Value enhanced by immediate renovations of buildings, renewing a major tenant and leasing vacant space Increased occupancy from 88% to 100% within 8 months after acquisition.? Maintained a 90% average occupancy throughout ownership Increased NOI $150,000 within 3 months after acquisition Over 55,000 SF of cooler/freezer space 12.5 acre redevelopment site Ideally located adjacent to the new Fasttrack?s 40/40 light rail station and? expected redevelopment

Details

Cost PSF
$15.96
Sale Price
$20,250,000
Total Cost
$5,875,000
Acquisition Date
July, 1998
Add. Capital Costs
$500,000
Sale Date
June, 2014
Total Project Size
368,008
Sale Price / SF
$55.03
Avg Annual Return
86%
Acquisition Price
$5,375,000