1250 Simms St LLC And 1250 Simms St JP LLC Acquire Industrial Property In Lakewood For $7.2M
1250 Simms Street
$7,200,000
$132/SF
Building Size
54,416 SF
Asset Type
Industrial
Closing
Jun 24, 2025
AI
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
Lakewood 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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93