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4800 Dahlia Street

Midtown National Group Acquires Industrial Property In Denver For $13.5M
SOLDIndustrial

Midtown National Group Acquires Industrial Property In Denver For $13.5M

4800 Dahlia Street

$13,500,000

$132/SF

Building Size

101,788 SF

Asset Type

Industrial

Closing

Mar 8, 2024

AI

The industrial property located at 4800 Dahlia Street in Denver, CO, was sold for $13.5 million. The property spans 5.5 acres and consists of 101,788 square feet. The transaction was completed at a price per square foot of $133. The seller, Watchung Capital, sold this fully net-leased asset to an entity affiliated with Midtown National Group based in Solana Beach, California.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $13,500,000
  • Buyer: Daron Young - Midtown National Group
  • Seller: Watchung Capital
  • Brokers: Larry Thiel & Rob Key - JLL

The transaction involved key individuals such as Daron Young from Midtown National Group as the buyer, and the sellers were Watchung Capital. The brokers facilitating the sale were Larry Thiel and Rob Key from JLL.

Players

Rob Key

JLL

Broker

$112.1M

vol

7 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

1.18%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93