James R. Jones Acquires Industrial Property In Denver From American Financial Group Corp
4940 East 39th Avenue
$1,100,000
$175/SF
Building Size
6,272 SF
Asset Type
Industrial
Closing
Feb 26, 2024
AI
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.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93