Northglenn Service Center
10550 N. Irma Drive Northglenn CO
-
http://matrixgroupinc.com/wp-content/uploads/2012/01/Northglenn-signage-website-620x360.jpg
-
http://matrixgroupinc.com/wp-content/uploads/2012/01/Northglenn-exterior-2-website-620x360.jpg
-
http://matrixgroupinc.com/wp-content/uploads/2012/01/Northglenn-exterior-1-website-620x360.jpg
Property Pictures


Historical Performance Details
- Acquisition DateMarch, 1996
- Total Project Size185,616 SF
- Acquisition Price$4,200,000
- Add. Capital Costs$200,000
- Total Cost$4,400,000
- Cost PSF$23.70
- StatusSold - Aug, 1998
- Sale Price$7,500,000
- Sale Price / SF$40.41
- Ave. Annual Return60%
- Value added by painting buildings, replacing roofs, installing seamless metal mansards and renewing tenants at market rates
- Increased NOI over $200,000 within 12 months after acquisition
- Achieved tenant retention rate of 88% during hold period


