Aspen Ironton LLC Acquires Industrial Property At 4600 Ironton Street From GS Ironton LLC For $4.5M
4600 Ironton Street
$4,500,000
$119/SF
Building Size
37,636 SF
Asset Type
Industrial
Closing
Nov 11, 2024
AI
The property at 4600 Ironton Street is an industrial asset located in Denver, CO, with a total square footage of 37,636. The sale was finalized at a price of $4,500,000, translating to a price per square foot of $120.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,500,000
- Address: 4600 Ironton Street
- Market: Denver, CO
- Square Footage: 37,636
- Price per Square Foot: $120
- Buyer: Aspen Ironton LLC
- Seller: GS Ironton LLC
- Brokers: Dan Prevedel, Jake Malman & Taylor Roy - Malman Commercial Real Estate
In this transaction, Jake Malman and Dan Prevedel represented the seller, GS Ironton LLC, while Taylor Roy represented the buyer, Aspen Ironton LLC. The sale was facilitated by Malman Commercial Real Estate.
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93