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
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