Updated Sep 9, 2024
Dallas Sandberg Represents Buyer In $6.1M Sale Of Denver Property At 3625 E 48th Ave
3625 E 48th Ave, Denver, CO, 80216
$6,100,000
$98/SF
Building Size
62,114 SF
Asset Type
Industrial
Closing
Nov 19, 2023
About this deal
AI
An industrial property located at 3625 E 48th Ave, Denver, CO, measuring 62,114 square feet, was sold for $6,100,000. The transaction occurred in the Denver market. The identities of the buyer and seller have not been disclosed.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,100,000.00
- Address: 3625 E 48th Ave, Denver, CO, 80216
- Market: Denver
- Buyer’s Representative: Dallas Sandberg
- Buyer: Undisclosed
- Seller: Undisclosed
- Total Square Footage: 62,114
The sale was facilitated by Pinnacle Real Estate Advisors, with Dallas Sandberg from the Johnson Ritter Team representing the buyer and seller in the transaction.
On the Map
$6,100,000
$98/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
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93