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
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