Las Vegas Lucky Investment LLC Acquires Industrial Property In Denver For $10.7M
11100 East 51st Avenue
$10,700,000
$178/SF
Building Size
59,940 SF
Asset Type
Industrial
Closing
Jun 7, 2024
AI
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
Denver Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93