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
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