Villa I & II

350 S. Harlan Street Lakewood CO



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Property Pictures

Historical Performance Details

  • Acquisition DateFebruary, 1998
  • Total Project Size48.847 SF
  • Acquisition Price$2,100,000
  • Add. Capital Costs$100,000
  • Total Cost$2,200,000
  • Cost PSF$45.04
  • StatusSold - May, 2005
  • Sale Price$2,400,000
  • Sale Price / SF$49.13
  • Ave. Annual Return22%

  • Value enhanced by immediate renovations and renewing/restructuring leases.  Renovations included painting common areas, installing new carpeting and improving the lobbies and restrooms.
  • Increase NOI over $85,000 within six months after acquisition
  • After experiencing a loss of a major tenant (20%), the LLC decided it was not a long term asset and sold the property

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Phone: 303.333.7500