Property info.
Property type:
Track-Record
1120 Lincoln Street,
Denver, CO 80203
256000 Square Feet
Acquired: May 1991
About
Oro capitalized on a depressed real estate market with the acquisition of this high quality, well-located building in the Capitol Hill area of Denver. Shortly after purchase, consolidation in Denver’s oil and gas industry caused significant vacancies in the property, forcing Oro to recapitalize in 1994. Aggressive management and leasing, coupled with a sharp upswing in the Denver market, ultimately resulted in 100% occupancy before selling the property to a 1031 exchange buyer near the peak of the Denver office property market, yielding a profitable return for investors.
