Two Monaco Park

6825 E. Tennessee Avenue Denver CO

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Property Pictures

Historical Performance Details

  • Acquisition DateAugust, 1996
  • Total Project Size67,065 SF
  • Acquisition Price$1,965,000
  • Add. Capital Costs$500,000
  • Total Cost$2,465,000
  • Cost PSF$30.19
  • StatusSold - Jan, 2012
  • Sale Price-
  • Sale Price / SF-
  • Ave. Annual Return-

  • Value enhanced by strong marketing plan and immediate renovation of building.  Renovations included installing new common area lighting, wall coverings, carpet, marble and granite tile and restroom improvements
  • Increased occupancy from 80% to 95% within 3 months after acquisition.  Maintained an 85% occupancy
  • Increased NOI over $75,000 within the same period
  • Refinanced this asset with a $4,600,000, 30-year amortization, 10-year fixed, non-recourse load at 7.19% interest rate


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Contact Leasing

Email: leasing@matrixgroupinc.com
Phone: 303.333.7500