Commerce Park
7000 E 58th Ave, Commerce City, CO 80022
Description
Value added by painting buildings, improving landscaping, replacing roof and renewing tenants at market rates. Purchased to complete 1031 tax-deferred exchange reinvestment into low risk property. Maintained 95% occupancy during holding period.
Details
| Cost PSF $31.06 | Sale Price $1,375,000 | Total Cost $1,000,000 |
| Acquisition Date Feb, 1998 | Add. Capital Costs $25,000 | Sale Date Aug, 2000 |
| Total Project Size 32,200 SF | Sale Price / SF $42.70 | Avg Annual Return 25% |
| Acquisition Price $975,000 |