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4770 East Iliff Avenue

Danielle Vachon Bell Of MGL Partners Purchases Development Site In Denver For $2.7M
SOLDDevelopment Site

Danielle Vachon Bell Of MGL Partners Purchases Development Site In Denver For $2.7M

4770 East Iliff Avenue

$2,700,000

$55/SF

Building Size

48,917 SF

Asset Type

Development Site

Closing

Jul 9, 2024

AI

The transaction involved the sale of a development site located at 4770 East Iliff Avenue in Denver, CO. The asset encompasses a total area of 48,917 square feet and was sold for $2,700,000, which translates to a price per square foot of $55.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $2,700,000
  • Address: 4770 East Iliff Avenue
  • Market: Denver, CO
  • Square Footage: 48,917
  • Price per Square Foot: $55
  • Buyer: Danielle Vachon Bell
  • Buyer's Company: MGL Partners
  • Broker Representatives: Adam Bellin, Taylor Burns & Travis Hodge
  • Broker Agency: Capstone Companies

The deal was facilitated by the Capstone Colorado Land Team, which represented the buyer, MGL Partners, during this transaction. The team included Adam Bellin, Travis Hodge, and Taylor Burns, highlighting their involvement in successfully closing the sale of the redevelopment property.

Players

Adam Bellin

Capstone Companies

Broker

$2.7M

vol

1 deal

Broker

Denver Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.88%

Cash-on-Cash

-1.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93