Updated Dec 4, 2024
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
About this deal
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.
On the Map
$2,500,000
$215/SF
Industrial
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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