Updated Dec 4, 2024
Adler Real Estate Partners Secures $21 Million Loan For Valley Business Center In Denver
700 West Mississippi Avenue
$21,000,000
$102/SF
Building Size
204,981 SF
Asset Type
Industrial
Closing
Jul 10, 2024
About this deal
AI
The transaction involves an industrial property located at 700 West Mississippi Avenue in Denver, CO, encompassing a total area of 204,981 square feet. The landlord for this asset is Adler Real Estate Partners. The property is fully leased, making it a strategically significant asset within the market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $21,000,000
- Asset Size: 204,981 SF
- Address: 700 West Mississippi Avenue
- Market: Denver, CO
- Landlord: Adler Real Estate Partners
- Brokers: Melissa Rose & Rob Bova - JLL
- Loan Amount: $21,000,000
JLL Capital Markets facilitated the acquisition financing for the Valley Business Center. The financing secured by Adler Real Estate Partners is a fixed-rate insurance company loan, which reflects the property’s high occupancy rates and advantageous last-mile location.
On the Map
$21,000,000
$102/SF
Industrial
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Players
Denver Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93