1132 Dillon Rd, Louisville, CO 80027

Description

Purchased this nine year old center for 50% of the previous mortgage Closed within twenty days, ?all cash? Within ten days of closing, increased occupancy from 43% to 75% Received a $1,500,000 bank loan 60 days post closing? After achieving 90% occupancy in 2012, the partnership decided to sell the asset and buy other value added assets

Details

Cost PSF
$83.23
Sale Price
$3,400,000
Total Cost
$2,375,000
Acquisition Date
Jan, 2009
Add. Capital Costs
$100,000
Sale Date
Feb, 2013
Total Project Size
28,534
Sale Price / SF
$119.16
Avg Annual Return
26%
Acquisition Price
$2,275,000