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1250 Simms St LLC And 1250 Simms St JP LLC Acquire Industrial Property In Lakewood For $7.2M
SOLD
Colorado
See Similar DealsIndustrial54,416 SF
Sold 06/24/2025
SOLD
1250 Simms St LLC And 1250 Simms St JP LLC Acquire Industrial Property In Lakewood For $7.2M
1250 Simms Street
See Similar DealsIndustrial54,416 SF
Sold 06/24/2025
Summary
COLORADO
Asset Type:Industrial
Price Per Square Foot:$132
Total Square Footage:54,416 SF
Transaction Type:Sale
An industrial property located at 1250 Simms Street in Lakewood, Colorado has been sold. The property encompasses 54,416 square feet and has achieved a sale price of $7,200,000. The price per square foot is recorded at $132.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,200,000
- Address: 1250 Simms Street
- Market: Lakewood, CO
- Buyer: 1250 Simms St LLC & 1250 Simms St JP LLC
- Seller: 1250 Simms LLC
- Buyer’s Representative: Paul Cattin - Platinum CRE
- Seller’s Representative: Jake Malman - Malman Commercial Real Estate
- Square Footage: 54,416
- Price Per Square Foot: $132
The transaction was facilitated by Malman Real Estate. Jake Malman represented the seller, 1250 Simms LLC, while Paul Cattin represented the buyers, 1250 Simms St LLC and 1250 Simms St JP LLC, ensuring the successful transfer of the fully leased industrial asset.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$384,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,580.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,131.67
Annual Debt Service$409,580.08
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