9797 W Colfax Ave, Lakewood, CO 80215

Description

Stabilized existing renewals and increased occupancy from 75% to 93% in twelve months Previous out of state owner struggled with vacancy issues for 23 years.? Local hands-on leasing and management made a significant difference Refinanced property with $2,600,000, 6.5%, 10-year fixed, 25-year amortization, non-recourse loan

Details

Cost PSF
$60.98
Sale Price
$3,150,000
Total Cost
$2,700,000
Acquisition Date
April, 2007
Add. Capital Costs
$250,000
Sale Date
May, 2014
Total Project Size
44,277
Sale Price / SF
$71.14
Avg Annual Return
15%
Acquisition Price
$2,450,000