Colfax Kipling Center

9797 W. Colfax Avenue Lakewood CO 80215



Property Pictures

Historical Performance Details

  • Acquisition DateApril, 2007
  • Total Project Size44,277 SF
  • Acquisition Price$2,450,000
  • Add. Capital Costs$250,000
  • Total Cost$2,700,000
  • Cost PSF$60.98
  • StatusSold May, 2014
  • Sale Price$3,150,000
  • Sale Price / SF$71.14
  • Ave. Annual Return15%

  • 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


Comments are closed.

For More Information

Contact Leasing

Email: leasing@matrixgroupinc.com
Phone: 303.333.7500