Value Add Portfolio

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1257 Lake Plaza Drive, Colorado Springs, CO  

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• Purchased January 2013 for 20% of replacement cost

• 16,000 SF office building

• Suburban submarket

• 100% vacant at time of purchase

• Performed extensive interior renovations and updates

• Currently 100% occupied

• Began producing unleveraged cash-on-cash return above 10% within 12-months of purchase

• Projected asset value 150% higher than investment basis

 

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1259 Lake Plaza Drive, Colorado Springs, CO

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• Purchased in May of 2014 for 25% of replacement cost

• 41,000 SF medical office building

• Suburban submarket

• 100% vacant at time of purchase

• Performed extensive interior renovations and capital improvements

• Currently 85% occupied

• Project asset value of 170% higher than investment basis

 

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219 East Vermijo Avenue, Colorado Springs, CO

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• Purchased January 2016

• CBD office building

• 100% vacant at time of purchase

• Performed extensive interior renovations

• Currently 100% occupied

• Began producing 10% leveraged cash-on-cash return within 3 months of purchase

• Current market value 120% higher than investment basis​

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408- 410 East Fillmore, Colorado Springs, CO

• Purchased in April of 2017

• Located in a busy part of Central Colorado Springs

• 50% vacant at time of purchase

• Performed extensive interior renovations & completely redid the entire exterior 

• Currently 100% occupied

• 20% cash on cash return 

• Current market value 150% higher than investment basis​

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