Marcus & Millichap Facilitates $2.5M Sale Of Denver Industrial Building
1919 Federal Boulevard
$2,500,000
$215/SF
Building Size
11,600 SF
Asset Type
Industrial
Closing
Nov 10, 2023
AI
Marcus & Millichap facilitated the sale of a flex industrial building located at 1919 Federal Boulevard in Denver, Colorado. The property was sold for $2.5 million from a private investor to an undisclosed buyer. The building spans approximately 11,600 square feet, resulting in a price per square foot of $216.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,500,000
- Address: 1919 Federal Boulevard, Denver, CO
- Market: Denver, CO
- Brokers: Brandon Kramer & Jake Klimas - Marcus & Millichap
Brandon Kramer and Jake Klimas from Marcus & Millichap served as the brokers in this transaction. They successfully facilitated the sale of the industrial building on behalf of the private investor to the undisclosed buyer.
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93