California Building
2950 S. Jamaica Court Aurora CO
Property Pictures
Historical Performance Details
- Acquisition DateJuly, 1995
- Total Project Size34,000 SF
- Acquisition Price$525,000
- Add. Capital Costs$100,000
- Total Cost$625,000
- Cost PSF$18.38
- StatusSold - Jul, 2000
- Sale Price$1,850,000
- Sale Price / SF54.41
- Ave. Annual Return144%
- Value added by renovating common areas with new carpet, upgraded light fixtures and wall coverings. Lobby area and bathrooms renovated with new floor tile and wall coverings
- Increased occupancy from 50% to 90% within 12 months after acquisition
- Increased NOI over $120,000 in same time period


