4700-4760 Oakland & 4705-4755 Paris Denver CO 80239

Description

Pine Creek Office consists of six, one story office buildings.These buildings were only 50% leased when purchased in December, 1998.We quickly renovated all of the common areas and implemented an aggressive marketing campaign.In 2016, ownership decided this was not a long-term core asset and sold the property. Proceeds of the sale were used to purchase a newer retail center.

Details

Cost PSF
$32.97
Acquisition Price
$1,900,000
Total Cost
$2,100,000
Acquisition Date
Dec, 1998
Sale Price
$3,200,000
Ave. Annual Return
12%
Total Project Size
63,690
Add. Capital Costs
$200,000
Sale Date
July, 2017
Status
Sold
Sale Price / SF
$50.24