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4695 Ironton Street

LVPA 4695 N Ironton Street OS Owner LLC Acquires Industrial Property From H.A.L. Construction For $5.4M
SOLDIndustrial

LVPA 4695 N Ironton Street OS Owner LLC Acquires Industrial Property From H.A.L. Construction For $5.4M

4695 Ironton Street

$5,400,000

$267/SF

Building Size

20,168 SF

Asset Type

Industrial

Closing

May 23, 2024

AI

The sale involved a single-tenant industrial building located at 4695 N. Ironton St. in Denver, Colorado. The property was sold by H.A.L. Construction to LVPA 4695 N Ironton Street OS Owner LLC for $5.4 million. The building spans 20,168 square feet, resulting in a price per square foot of $268.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $5,400,000
  • Address: 4695 Ironton Street
  • Market: Denver, CO
  • Buyer: LVPA 4695 N Ironton Street OS Owner LLC
  • Seller: H.A.L. Construction
  • Buyer's Rep: Stream Realty
  • Seller's Rep: John V. Propp & Joshua Cohen - John Propp Commercial Group

John Propp Commercial Group played a crucial role in facilitating the acquisition of the industrial property. Stream Realty represented the buyer, LVPA 4695 N Ironton Street OS Owner LLC, in this transaction.

Players

John V. Propp

John Propp Commercial Group

Broker

$15.7M

vol

5 deals

Broker

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

2.94%

Cash-on-Cash

-0.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93