Midtown Industrial Center

4120 Brighton Boulevard Denver CO 80216



Property Pictures

Historical Performance Details

  • Acquisition DateJuly, 1998
  • Total Project Size368,008 SF
  • Acquisition Price$5,375,000
  • Add. Capital Costs$500,000
  • Total Cost$5,875,000
  • Cost PSF$15.96
  • StatusSold June, 2014
  • Sale Price$20,250,000
  • Sale Price / SF$55.00
  • Ave. Annual Return86%

  • Refinanced this asset in 2008 with a $7,000,000, 10-year fixed, non-recourse loan at 6% interest
  • Value enhanced by immediate renovations of buildings, renewing a major tenant and leasing vacant space
  • Increased occupancy from 88% to 100% within 8 months after acquisition.  Maintained a 90% average occupancy throughout ownership
  • Increased NOI $150,000 within 3 months after acquisition
  • Over 55,000 SF of cooler/freezer space
  • 12.5 acre redevelopment site
  • Ideally located adjacent to the new Fasttrack’s 40/40 light rail station and  expected redevelopment


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Contact Leasing

Email: leasing@matrixgroupinc.com
Phone: 303.333.7500