Vera Wabash LLC Purchases Industrial Property At 2153 S. Wabash St For $3 Million
2153 S. Wabash St
$3,000,000
$118/SF
Building Size
25,356 SF
Asset Type
Industrial
Closing
Jul 22, 2024
AI
The industrial property located at 2153 S. Wabash St in Denver, CO encompasses 1.2 acres and features a total square footage of 25,356. The sale was completed for $3,000,000, translating to a price per square foot of $118. This property includes eight dock-high doors and one drive-in loading door.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,000,000
- Address: 2153 S. Wabash St
- Market: Denver, CO
- Square Footage: 25,356
- Price Per Square Foot: $118
- Buyer: Vera Wabash LLC
- Seller: 2153 South Wabash Street LLC
- Buyer's Representative: Boston Wier, CJ Toohey & Patrick Henry - The Henry Group
- Seller's Representative: Taylor Roy - Malman Commercial Real Estate
The transaction was facilitated by Malman Commercial Real Estate, which successfully brokered the sale of the property from 2153 South Wabash Street LLC to Vera Wabash LLC.
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93