Commerce Park
7000 E. 58th Avenue Denver CO
Property Pictures
Historical Performance Details
- Acquisition DateFebruary, 1998
- Total Project Size32,200 SF
- Acquisition Price$975,000
- Add. Capital Costs$25,000
- Total Cost$1,000,000
- Cost PSF$31.00
- StatusSold - Aug, 2000
- Sale Price$1,375,000
- Sale Price / SF$42.70
- Ave. Annual Return25%
- Value added by painting buildings, improving landscaping, replacing roof and renewing tenants at market rates
- Purchased to complete 1031 tax-deferred exchange reinvestment into low risk property
- Maintained 95% occupancy during holding period


