180220 & 18240 E 104th Ave, Commerce City, CO 80022

Description

Reunion Village is a 25,000 sf neighborhood retail center located in the very desirable Reunion Village/Shea Properties master planned community. The property was purchased at a 8.3% capitalization rate based upon 84% occupancy. Ownership believes the Reunion Village neighborhood will continue to build-out many more houses,thus increasing the demand for retail services while costs of building new retail is cost prohibited.

Details

Cost PSF
$182.88
Status
Active
Total Cost
$4,600,000
Acquisition Date
Aug, 2017
Acquisition Price
$4,500,000
Market Value PSF
$182.88
Total Project Size
25,153
Add. Capital Costs
$100,000
Current Value
$4,600,000