Oxford/Federal Business Park
4055 S. Eliot St, Sheridan, CO 80110
"Built in 1984-1986, Sherwood Business Park was renamed to Oxford/Federal Business Park.
Average tenant size is 2,700 square feet.
The vacancy rate for this submarket was only 2% and rents at the property were approximately 15-20% below market at the time of purchase.
The previous owners completed over $1.5MM of capital improvements shortly before the sale.
Matrix Group was chosen over 16 other qualifed buyers.
Ownership intends to spend over $500,000 on exterior improvements to improve the visual appeal of the property.
Ownership intends to hold this property indefinitely."