IG Logistics LLC & Meadow Partners Acquire Industrial Property In Denver, CO For $19M
SOLD
$19,000,000
Colorado
See Similar DealsIndustrial
Sold 08/23/2022
SOLD
IG Logistics LLC & Meadow Partners Acquire Industrial Property In Denver, CO For $19M
409 West 66th Avenue, Denver, Colorado 80221, United States
See Similar DealsIndustrial
Sold 08/23/2022
Summary
COLORADO
Asset Type:Industrial
Transaction Type:Sale
An industrial property located at 409 W 66th Ave in Denver, CO has been sold for a price of $19,000,000. The property spans across 26.7 acres.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $19,000,000
- Address: 409 W 66th Ave, Denver, CO
- Market: Denver, CO
- Acres: 26.7
The buyer of the property is IG Logistics LLC & Meadow Partners. The sale was facilitated by brokers Matt Trone & Joey Trinkle from Cushman & Wakefield.
Players
BUYER
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,013,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$67,502.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$90,069.69
Annual Debt Service$1,080,836.32
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