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

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SOLD
$2,700,000

Colorado

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Development Site48,917 SF
Sold 07/09/2024
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Property Image
SOLD

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

4770 East Iliff Avenue

See Similar Deals
Development Site48,917 SF
Sold 07/09/2024
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Summary

COLORADO
Asset Type:Development Site
Price Per Square Foot:$55
Total Square Footage:48,917 SF
Transaction Type:Sale

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
1 deal$2.7M volume(301) 775-9015
BROKER

Travis Hodge
Capstone Companies
2 deals$25.7M volume(404) 259-8171
BROKER

Taylor Burns
Capstone Companies
1 deal$2.7M volume(303) 842-4278
BROKER

Details

SOLD
IMAGE: 07/09/2024 ADDRESS: 4770 East Iliff Avenue MARKET: Denver, CO ASSET TYPE: Development Site BUYER: Danielle Vachon Bell - MGL Partners BROKERS: Adam Bellin, Taylor Burns & Travis Hodge - Capstone Companies SALE PRICE: $2,700,000 SF: 48,917 ~ PPSF: $55 NOTE: apstone Colorado Land Team closed the sale of a 48,917 sq ft office redevelopment property at 4770 E Iliff Avenue in Denver for $2.7 million, with Adam Bellin, Travis Hodge, and Taylor Burns representing the buyer, MGL Partners.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$144,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53