facebook
Traded Co logo
Submit
Daily limit: 0/10

Las Vegas Lucky Investment LLC Acquires Industrial Property In Denver For $10.7M

Property Image
SOLD
$10,700,000
Jake Malman
Jun Zhou

Colorado

See Similar Deals
Industrial59,940 SF
Sold 06/07/2024
the dealplayerscompscontact
Property Image
SOLD

Las Vegas Lucky Investment LLC Acquires Industrial Property In Denver For $10.7M

11100 East 51st Avenue

See Similar Deals
Industrial59,940 SF
Sold 06/07/2024
Jake Malman
Jun Zhou
the dealplayerscompscontact
Contact now

Summary

COLORADO
Asset Type:Industrial
Price Per Square Foot:$178
Total Square Footage:59,940 SF
Transaction Type:Sale

The industrial property located at 11100 East 51st Avenue in Denver, CO, spanning 1.5 acres, was recently sold in a transaction that amounted to $10,700,000. The sale price equated to $178.51 per square foot for the 59,940 square feet of space.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: $10,700,000
  • Address: 11100 East 51st Avenue
  • Market: Denver, CO
  • Size: 59,940 SF
  • Price per Square Foot: $178
  • Buyer: Las Vegas Lucky Investment LLC
  • Seller: GS 51st LLC
  • Buyer's Rep: Jun Zhou - Centaline InvestmentInc
  • Seller's Rep: Jake Malman - Malman Commercial Real Estate

Malman Commercial Real Estate played a key role in facilitating the sale of the industrial property, acting as the intermediary between the seller, GS 51st LLC, and the buyer, Las Vegas Lucky Investment LLC. The buyer was represented by Jun Zhou from Centaline Investment Inc, while the seller was represented by Jake Malman of Malman Commercial Real Estate.

Players

Jake Malman
Malman Commercial Real Estate
Jake Malman
11 deals$64M volume(720) 471-1763
BROKER
Jun Zhou
Centaline Investment
Jun Zhou
1 deal$10.7M volume(626) 238-8643
BROKER

Details

SOLD
IMAGE: 06/07/2024 ADDRESS: 11100 East 51st Avenue MARKET: Denver, CO ASSET TYPE: Industrial ~ ACRES: 1.5 BUYER: Las Vegas Lucky Investment LLC SELLER: GS 51st LLC BUYER'S REP: Jun Zhou - Centaline Investment Inc SELLER'S REP: Jake Malman - Malman Commercial Real Estate SALE PRICE: $10,700,000 SF: 59,940 ~ PPSF: $179 NOTE: Malman Commercial Real Estate facilitated the sale of 11100 E. 51st Avenue in Denver, with GS 51st LLC selling the property to Las Vegas Lucky Investment LLC for $10.7 million, equating to $178.51 per square foot.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$570,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$38,014.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,723.46
Annual Debt Service$608,681.51