Case Studies

Olde Town Plaza & Fuel Building

Olde Town Plaza is a mixed used property comprised of first floor retail with second story residential as well as a stand alone multi-tenant retail  property LOCATED IN Arvada, COLORADO.

PROJECT ENHANCEMENTS:

Revesco recognized the investment potential of Olde Town Arvada due to its proximity to commuter rail and highways with direct access to downtown Denver and a walkable downtown area with plentiful shops and restaurants. The Property was given exterior enhancements consisting of brick tuck pointing, upgraded paint scheme, lighting, and signage. These improvements helped increase visibility, activeness driving higher rents and leasing velocity.

 

On the second story, the residential units were remodeled as the leases expired. The units were upgraded with higher finishes and new stainless-steel appliance packages which nearly doubled in place income. Collectively, these upgrades elevated the quality and the value of the Property and allowed Revesco to capitalize on their business plan quicker than originally projected, while leaving select value-add opportunities for the next buyer.

PROJECT DESCRIPTION:

Address: 5773-5777 Olde Wadsworth Blvd & 5790 Yukon St, Arvada CO

Year Built: 1938, 1976, 2017

Property Type: Mixed Use and Multi-Tenant

Leasable area: 10,960 sq. ft. of Retail, 9,356 sq. ft. of Residential & 5,315 sq. ft. Multi-Tenant Retail

Occupancy at Acquisition: 90%

Anchor Tenants: Flying Pig Burger & The Barre Standard

PROJECT LOCATION:

PROJECT ENHANCEMENTS:

Revesco recognized the investment potential of Olde Town Arvada due to its proximity to commuter rail and highways with direct access to downtown Denver and a walkable downtown area with plentiful shops and restaurants. The Property was given exterior enhancements consisting of brick tuck pointing, upgraded paint scheme, lighting, and signage. These improvements helped increase visibility, activeness driving higher rents and leasing velocity.

 

On the second story, the residential units were remodeled as the leases expired. The units were upgraded with higher finishes and new stainless-steel appliance packages which nearly doubled in place income. Collectively, these upgrades elevated the quality and the value of the Property and allowed Revesco to capitalize on their business plan quicker than originally projected, while leaving select value-add opportunities for the next buyer.

PROJECT DESCRIPTION:

Address: 5773-5777 Olde Wadsworth Blvd & 5790 Yukon Street, Arvada, CO

Year Built: 1928, 1976, 2017

Property Type: Mixed Use and Multi-Tenant

Leasable area: 10,960 sq. ft. of Retail, 9,356 sq. ft.
of Residential & 5,315 sq. ft. Multi-Tenant Retail

Occupancy at Acquisition: 90%

Anchor Tenants: Flying Pig Burger & The Barre Standard

PROJECT LOCATION:

Investment Return:

Total Hold Period: 18 Months