Colorado City Warehouse

4038 Dover Drive Colorado City CO

Property Pictures

Historical Performance Details

  • Acquisition DateApril, 2003
  • Total Project Size248,000 SF
  • Acquisition Price$2,350,000
  • Add. Capital Costs$50,000
  • Total Cost$2,400,000
  • Cost PSF$9.68
  • StatusSold - Mar, 2005
  • Sale Price$4,650,000
  • Sale Price / SF$18.75
  • Ave. Annual Return98%

  • Purchased the former “Columbia House” distribution facility for 20% of replacement cost
  • Kroger occupied the entire building on a two-year lease, eventually extending for one additional year
  • Property generated a $700,000 NOI
  • Used excessive cash flow to pay down 90% of the loan before distributing profits to the investors
  • New owner currently has property listed for $6,000,000

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Phone: 303.333.7500