25th Avenue Industrial
10500 E. 25th Street Denver CO
Property Pictures
Historical Performance Details
- Acquisition DateAugust, 1997
- Total Project Size22,000 SF
- Acquisition Price$250,000
- Add. Capital Costs$50,000
- Total Cost$300,000
- Cost PSF$13.64
- StatusSold - Feb, 1999
- Sale Price$420,000
- Sale Price / SF$19.09
- Ave. Annual Return80%
- Increased occupancy from 66% to 90% within 6 months after acquisition
- Increased NOI over $25,000 within the same time period
- Purchased property with 7% interest only, seller loan at 80% LTV


