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14101 East Otero Avenue Eng...

Westcore Sells Dove Valley Business Center Warehouse For $29.7M In Englewood, CO
SOLDIndustrial

Westcore Sells Dove Valley Business Center Warehouse For $29.7M In Englewood, CO

14101 East Otero Avenue Englewood, Colorado 80112, USA

$29,700,000

$198/SF

Building Size

149,776 SF

Asset Type

Industrial

Closing

Aug 16, 2023

AI

Westcore has successfully sold the Dove Valley Business Center, a 149,776-square-foot warehouse distribution center located at 14101 E Otero Ave in Englewood, CO. The property was sold for a total of $29,700,000, at a price per square foot of $198.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $29,700,000
  • Square Footage: 149,776
  • Address: 14101 E Otero Ave
  • Market: Englewood, CO

The sale of Dove Valley Business Center was facilitated by Jeremy Ballenger, Tyler Carner, Jim Bolt, and Jessica Ostermick of CBRE, who represented the sellers, Westcore. The transaction involved a successful collaboration between Westcore and CBRE to secure the sale of this warehouse distribution center in Englewood's Denver suburb.

Players

Tyler Carner

CBRE

Broker

$166.4M

vol

5 deals

Broker
Westcore
WestcoreSeller

Englewood 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

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93