Opportunity:
PrimeCenter at Northridge provides excellent near-term cash flow, and longer-term upside value potential with current rents below market. The acquisition price was 80% to 85% of replacement cost, which moderates downside risk and creates upside opportunity upon eventual sale of the asset.

The asset is located in close proximity to Westminster Fund VII's Westminster Center office building. Both properties are easily accessible via Interstate-25 and are in the path of significant population and commercial and residential growth in the commercial corridor between Denver and Boulder, CO.

View a detailed map of this property (MapQuest). Property: Two Single-Story Multi-Tenant Office Buildings Size: 124,945 SF on 12.72 Acres Built: 2001 Purchased: November, 2007 Ownership: Westminster Northridge LLC, owned 70% Fund VI and 30% Fund VII. At Acquisition: Price: $16,050,000 Occupancy: 96% Cost per SF: $128 ← Return to previous section Click the images below for an enlarged view: By using this website, you acknowledge that you have read the terms and conditions, and will be bound by the terms hereof. Copyright ©2010 The Westminster Funds ®. All rights reserved.