Mountain Center of Avon is a 79,000 square foot flex office and self-storage center in Avon, CO. Our client purchased the property in 2007, and hired our construction team to complete a major upgrade of the building including converting the basement level of the building into a self-storage center. The majority of the building is a flex office product that is typically used for office, warehouse, and showroom for service companies and construction supply/wholesale. When they engaged our property management services, the occupancy for both the flex and self-storage were struggling and they were constantly running into budget overruns. The pass-thru expenses for the property were also above market making it uncompetitive with neighboring centers.
To read the entire case study, please click here.