25th Avenue Industrial
10500 25th St, Denver, CO 80207
Description
Increased occupancy from 66% to 90% within 6 months after acquisition. Increased NOI over $25,000 within the same time period. Purchased property with 7% interest only, seller loan at 80% LTV.
Details
| Cost PSF $13.64 | Sale Price $420,000 | Total Cost $300,000 |
| Acquisition Date Aug, 1997 | Add. Capital Costs $50,000 | Sale Date Feb, 1999 |
| Total Project Size 22,000 SF | Sale Price / SF $19.09 | Avg Annual Return 80% |
| Acquisition Price $250,000 |