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3731 Park Place

Cal Ross Of JLL Represents Seller In $3.55M Sale Of Industrial Property In Montrose
SOLDIndustrial

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

12,960 SF

Asset Type

Industrial

Closing

Oct 18, 2024

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

Cal Ross

JLL

Broker

$13.3M

vol

4 deals

Broker

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