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Jared Gordon Of MCA Realty Acquires Industrial Business Park In Aurora For $9.2M

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SOLD
$9,200,000

Colorado

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Industrial210,903 SF
Sold 02/14/2024
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Property Image
SOLD

Jared Gordon Of MCA Realty Acquires Industrial Business Park In Aurora For $9.2M

15200 East 33rd Place, 15250 East 33rd Place & 15201 East Moncrieff Place

See Similar Deals
Industrial210,903 SF
Sold 02/14/2024
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Summary

COLORADO
Asset Type:Industrial
Price Per Square Foot:$43
Total Square Footage:210,903 SF
Transaction Type:Sale

Commerce Center I, a fully occupied three-building industrial business park located at 15200 East 33rd Place, 15250 East 33rd Place & 15201 East Moncrieff Place in Aurora, CO, was recently acquired by Jared Gordon of MCA Realty for $9.2 million. The total square footage of the property is 70,301, resulting in a price per square foot of $131.

Summary of transation details:

MCA Realty's Industrial Growth Fund facilitated the acquisition of Commerce Center I. The transaction was successfully led by brokers Matt Keyerleber, Nick Rice, and T.J. Smith, representing Colliers International in this deal.

Players

T.J. Smith
2 deals$52.2M volume(303) 283-4576
BROKER

Nick Rice
Colliers
2 deals$52.2M volume(720) 833-4620
BROKER

Matt Keyerleber
Colliers
1 deal$9.2M volume(303) 309-3522
BROKER

Details

SOLD
IMAGE: Jared Gordon, Matt Keyerleber, Nick Rice & T.J. Smith DATE: 02/14/2024 ADDRESS: 15200 East 33rd Place, 15250 East 33rd Place & 15201 East Moncrieff Place MARKET: Aurora, CO ASSET TYPE: Industrial BUYER: Jared Gordon - MCA Realty BROKERS: Matt Keyerleber, Nick Rice & T.J. Smith - Colliers International SALE PRICE: $9,200,000 SF: 70,301 ~ PPSF: $131 NOTE: MCA Realty has acquired Commerce Center I, a fully occupied three-building industrial business park in Aurora, for $9.2 million through its MCA Realty Industrial Growth Fund.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$490,666.68

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$32,685.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,612.69
Annual Debt Service$523,352.32