Denver Holdings LLC Purchases Industrial Property From ROR-1955 Quince LLC For $7.75M In Denver
1955 South Quince Street
$7,750,000
$182/SF
Building Size
42,392 SF
Asset Type
Industrial
Closing
Jun 2, 2025
AI
This industrial property spans 1.92 acres and is located at 1955 South Quince Street in Denver, CO. The property was sold for a transaction amount of $7,750,000, with a total square footage of 42,392, resulting in a price per square foot of $183.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,750,000
- Address: 1955 South Quince Street
- Market: Denver, CO
- Acres: 1.92
- Buyer: Denver Holdings LLC
- Seller: ROR-1955 Quince LLC
- Sale Date: 06/02/2025
- Mortgage Broker: Dean Giannakopoulos - Marcus & Millichap
- Brokers: Adam Abushagur, Alyssa Tomback & Thimy Moraitis - Marcus & Millichap
The cannabis tenant, Bonsai Cultivation, has an active lease on the property, which extends through 2033. The seller, ROR-1955 Quince LLC, previously acquired the site for $7.7 million in 2019, indicating a break-even outcome for this transaction.
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
2.05%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93