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.
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