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
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