EverWest Real Estate Investors Acquires 194.7K SF Industrial Property In Denver, CO For $39.6M
1550 East 73rd Avenue & 1210 East 73rd Avenue
$39,600,000
$101/SF
Building Size
194,710 SF
Asset Type
Industrial
Closing
May 11, 2023
AI
EverWest Real Estate Investors has acquired the Central Connection, a 194,710-square-foot industrial property located at 1550 & 1210 East 73rd Avenue in Denver, CO's North Central submarket. The property was sold by Comunale Properties and J.P. Morgan Asset Management for a total of $39.6 million. The transaction was completed on 05/11/2023.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $39,600,000
- Square Footage: 194,710
- Price per Square Foot: $203
- Address: 1550 & 1210 East 73rd Avenue, Denver, CO
- Market: Denver, CO
The brokers involved in the deal were Jeremy Ballenger, Jessica Ostermick, Jim Bolt, and Tyler Carner from CBRE, representing EverWest Real Estate Investors.
Players
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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93