Updated Dec 4, 2024
Cal Ross Of JLL Represents Seller In $3.55M Sale Of Industrial Property In Montrose
3731 Park Place & 3733 Park Place
$3,550,000
$273/SF
Building Size
6,480 SF
Asset Type
Industrial
Closing
Oct 18, 2024
About this deal
AI
The property asset involved in this transaction is an industrial property located at 3731 & 3733 Park Place in the Montrose market. The sale price was $3,550,000, and the total square footage of the asset is 6,480, resulting in a price per square foot of $547.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,550,000
- Address: 3731 & 3733 Park Place
- Market: Montrose
- Square Footage: 6,480
- Price Per Square Foot: $547
- Seller's Representative: Cal Ross - JLL
The transaction was facilitated by Cal Ross from JLL, who represented the seller in this deal. This interaction highlights the roles of the representatives involved in the process.
Players
Montrose Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.47%
Cash-on-Cash
-1.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93