Arapahoe Court Office Building
7936 E Arapahoe Ct, Centennial, CO 80112
Description
Value immediately added by making improvements to common areas, restrooms and lobby. Increased occupancy from 60% to 100% within 18 months. Increased NOI over $125,000 in same time period.
Details
| Cost PSF $26.47 | Sale Price $2,100,000 | Total Cost $900,000 |
| Acquisition Date July, 1994 | Add. Capital Costs $150,000 | Sale Date July, 2000 |
| Total Project Size 34,000 SF | Sale Price / SF $61.76 | Avg Annual Return 100% |
| Acquisition Price $750,000 |