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4940 East 39th Avenue

James R. Jones Acquires Industrial Property In Denver From American Financial Group Corp
SOLDIndustrial

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:

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.

Players

Jake Malman

Malman Commercial Real Estate

Broker

$64M

vol

11 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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93