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James R. Jones Acquires Industrial Property In Denver From American Financial Group Corp
SOLD
$1,100,000
Colorado
See Similar DealsIndustrial6,272 SF
Sold 02/26/2024
SOLD
James R. Jones Acquires Industrial Property In Denver From American Financial Group Corp
4940 East 39th Avenue
See Similar DealsIndustrial6,272 SF
Sold 02/26/2024
Summary
COLORADO
Asset Type:Industrial
Price Per Square Foot:$175
Total Square Footage:6,272 SF
Transaction Type:Sale
An industrial property spanning 6,272 square feet located at 4940 East 39th Avenue in Denver, CO, was recently sold. The property was acquired for $1.1 million in a transaction where James R. Jones purchased it from American Financial Group Corp.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,100,000
- Buyer: James R. Jones
- Seller: American Financial Group Corp
- Broker: Jake Malman - Malman Commercial Real Estate
Jake Malman from Malman Commercial Real Estate facilitated the transaction, overseeing the sale of the industrial property at 4940 E. 39th Ave. in Denver. The property was successfully transferred from American Financial Group Corp to James R. Jones in a deal worth $1.1 million.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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