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Jake Malman Facilitates $21.2M Industrial Sale In Denver & Aurora, CO

Property Image
SOLD
$21,200,000

Colorado

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Industrial411,932 SF
Sold 05/20/2024
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Property Image
SOLD

Jake Malman Facilitates $21.2M Industrial Sale In Denver & Aurora, CO

4999 Oakland Street & 18245 East 40th Avenue

See Similar Deals
Industrial411,932 SF
Sold 05/20/2024
the dealplayerscompscontact
Contact now

Summary

COLORADO
Asset Type:Industrial
Price Per Square Foot:$51
Total Square Footage:411,932 SF
Transaction Type:Sale

The off-market sales of two industrial properties located at 4999 Oakland Street & 18245 East 40th Avenue in Aurora and Denver, Colorado, were orchestrated by Malman Commercial Real Estate. The properties, totaling 205,966 square feet, were sold for $21.2 million, equating to a price per square foot of $103.

Summary of transation details:

Jake Malman, representing Malman Commercial Real Estate, acted as the sole broker in the transactions, facilitating the sale of the industrial properties. The buyers, in both deals, did not have separate representation.

Players

Jake Malman
Malman Commercial Real Estate
Jake Malman
11 deals$64M volume(720) 471-1763
BROKER

Details

SOLD
IMAGE: 05/20/2024 ADDRESS: 4999 Oakland Street & 18245 East 40th Avenue MARKET: Denver & Aurora, CO ASSET TYPE: Industrial BROKER: Jake Malman - Malman Commercial Real Estate SALE PRICE: $21,200,000 SF: 205,966 ~ PPSF: $103 NOTE: Malman Commercial Real Estate orchestrated the off-market sales of two industrial properties in Aurora and Denver, totaling $21.2 million. Jake Malman represented the sellers in both transactions, involving buildings spanning 205,966 square feet, with the buyers not having representation.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$75,319.13
Cash-on-Cash Return-1.27%
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