Colfax Kipling Center
9797 W. Colfax Avenue Lakewood CO
Property Pictures
Current Performance Details
- Acquisition DateApril, 2007
- Acquisition Price$2,450,000
- Add. Capital Costs$250,000
- Total Cost$2,700,000
- Total Project Size44,277 SF
- StatusActive
- Current Value$$3,500,000
- Market Value PSF$79.05
- Stabilized existing renewals and increased occupancy from 75% to 93% in twelve months
- Previous out of state owner struggled with vacancy issues for 23 years. Local hands-on leasing and management made a significant difference
- Refinanced property with $2,600,000, 6.5%, 10-year fixed, 25-year amortization, non-recourse loan
