Two Monaco Park
6825 E. Tennessee Avenue Denver CO
-
http://matrixgroupinc.com/wp-content/uploads/2012/01/TMP-outdoor-area-website-620x360.jpg
-
http://matrixgroupinc.com/wp-content/uploads/2012/01/TMP-lobby-website-620x360.jpg
-
http://matrixgroupinc.com/wp-content/uploads/2012/01/TMP-exterior-shot-website-620x360.jpg
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


