California Building
2950 S Jamaica Ct, Aurora, CO 80014
Description
Value added by renovating common areas with new carpet, upgraded light fixtures and wall coverings. Lobby area and bathrooms renovated with new floor tile and wall coverings. Increased occupancy from 50% to 90% within 12 months after acquisition. Increased NOI over $120,000 in same time period.
Details
| Cost PSF $18.38 | Sale Price $1,850,000 | Total Cost $625,000 |
| Acquisition Date July, 1995 | Add. Capital Costs $100,000 | Sale Date July, 2000 |
| Total Project Size 34,000 SF | Sale Price / SF $54.41 | Avg Annual Return 144% |
| Acquisition Price $525,000 |