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1955 South Quince Street

Denver Holdings LLC Purchases Industrial Property From ROR-1955 Quince LLC For $7.75M In Denver
SOLDIndustrial

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

Adam Abushagur

Marcus & Millichap

Broker

$97.3M

vol

44 deals

Broker
Dean Giannakopoulos

Dean Giannakopoulos

Marcus & Millichap

Lender

$96.3M

vol

13 deals

Lender

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