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.
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