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4444 Forest St, Denver, CO,...

Home Silk Shop Acquires Industrial Property In Denver For $8.4M
SOLDIndustrial

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

Matt Dorsten

Michael Bloom Realty Company

Broker

$8.4M

vol

1 deal

Broker
HS
Home Silk ShopBuyer

Denver Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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