Oneida Tower
2121 S. Oneida Street Denver CO
-
http://matrixgroupinc.com/wp-content/uploads/2012/01/Oneida-side-view-website-620x360.jpg
-
http://matrixgroupinc.com/wp-content/uploads/2012/01/Oneida-front-view-website-620x360.jpg
-
http://matrixgroupinc.com/wp-content/uploads/2012/01/Oneida-angle-view-website.jpg
Property Pictures


Historical Performance Details
- Acquisition DateDecember, 1994
- Total Project Size67,000 SF
- Acquisition Price$1,575,000
- Add. Capital Costs$225,000
- Total Cost$1,800,000
- Cost PSF$26.87
- StatusSold - Dec, 2006
- Sale Price$5,350,000
- Sale Price / SF$79.85
- Ave. Annual Return65%
- Value enhanced by immediate renovations of building and leasing vacant space
- increased occupancy from 63% to 90% with 12 months after acquisition. Maintained 90% + occupancy during ownership
- Increased NOI over $125,000 within same time period
- Refinanced property with a $4,000,000 non-recourse loan at 5,96% interest rate, 30-year amortization.


