18220 & 18240 E 104th Ave Commerce City CO 80022
Current Performance Details
- Acquisition DateAug, 2017
- Acquisition Price4,500,000
- Add. Capital Costs100,000
- Total Cost4,600,000
- Total Project Size25,153
- Current Value4,600,000
- Market Value PSF-
- Reunion Village is a 25,000 sf neighborhood retail center located in the very desirable Reunion Village/Shea Properties master planned community.
- The property was purchased at a 83% capitalization rate based upon 84% occupancy.
Ownership believes the Reunion Village neighborhood will continue to build-out many more houses,thus increasing the demand for retail services while costs of building new retail is cost prohibited.