Property info.
Property type:
Track-Record
1660 Wynkoop Street,
Denver, CO 80202
62087 Square Feet
Acquired: May 1990
Disposition Date: June 2007
About
Sourced from a lender relationship developed during a previous acquisition, this property represented an opportunity to acquire a well-located asset. The Wynkoop property was priced far below replacement value with the current owners struggling in a depressed market that Oro knew was poised for a rebound. Aggressive management and leasing strategies by Oro increased occupancy from nearly 10% to 100% within two years. Upon repositioning, the asset provided consistent cash flow to investors before its disposition at the height of the office property market.
