Value Add Portfolio

1257 Lake Plaza Drive, Colorado Springs, CO  

  • 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

 

1259 Lake Plaza Drive, Colorado Springs, CO

  • 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

 

219 East Vermijo Avenue, Colorado Springs, CO

  • 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​

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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