Home Silk Shop Acquires Industrial Property In Denver For $8.4M
4444 Forest St, Denver, CO, 80216
$8,400,000
$158/SF
Building Size
53,167 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
The industrial building located at 4429-4477 Glencoe St. and 4444-4488 Forest St. in Denver has been sold for $8.4 million. The property, with 53,167 square feet of industrial space, was acquired by Home Silk Shop. The seller, I-70 Glencoe Forest RLLP, was represented by Sandy Feld from NAI Shames Makovsky. The buyer was represented by Michael Bloom and Matt Dorsten of Michael Bloom Realty Co.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,400,000.00
- Address: 4444 Forest St, Denver, CO, 80216
- Market: Denver
- Buyer's Rep: Matt Dorsten(Michael Bloom Realty Company), Michael Bloom(Michael Bloom Realty Company)
- Seller's Rep: Sandy Feld(NAI Capital)
- Buyer: Home Silk Shop
- SF: 53167
The sale of the industrial building involved key individuals and companies in the real estate transaction. Home Silk Shop acquired the property with representation from Matt Dorsten and Michael Bloom of Michael Bloom Realty Co. On the other side, I-70 Glencoe Forest RLLP, the seller, had Sandy Feld representing them from NAI Capital. This transaction demonstrates the collaborative efforts of these parties in the Denver industrial real estate market.
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
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93