4055 S. Eliot St, Sheridan, CO 80110

Description

"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."

Details

Cost PSF
$99.21
Status
Active
Total Cost
$23,005,000
Acquisition Date
Dec, 2017
Acquisition Price
$22,305,000
Market Value PSF
$103.50
Total Project Size
231,886
Add. Capital Costs
$700,000
Current Value
$24,000,000