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
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.
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