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1531 W Bayaud Ave, Denver, ...

Thimy Moraitis Of Marcus & Millichap Sells Industrial Property In Denver For 11688 SF
SOLDIndustrial

Thimy Moraitis Of Marcus & Millichap Sells Industrial Property In Denver For 11688 SF

1531 W Bayaud Ave, Denver, CO, 80223

Building Size

11,688 SF

Asset Type

Industrial

Closing

Nov 22, 2023

AI

The industrial property located at 1531 West Bayaud Avenue in Denver was recently sold. Situated on 0.46 acres, the asset spans 11,688 square feet and is divided into three individual suites, with nine percent of the space designated for office use. The property was fully leased at the time of sale.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Address: 1531 W Bayaud Ave, Denver, CO, 80223
  • Market: Denver
  • Seller's Rep: Thimy Moraitis (Marcus & Millichap)
  • Buyer: Undisclosed
  • SF: 11,688

Thimy Moraitis from Marcus & Millichap's TAG Industrial Group served as the seller's representative in the deal. The seller, a private investor, benefited from the transaction, with details regarding the buyer remaining undisclosed.

Players

Thimy Moraitis

Marcus & Millichap

Broker

$9.5M

vol

3 deals

Broker

Denver 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93