Jake Malman Facilitates $21.2M Industrial Sale In Denver & Aurora, CO
4999 Oakland Street & 18245 East 40th Avenue
$21,200,000
$51/SF
Building Size
411,932 SF
Asset Type
Industrial
Closing
May 20, 2024
AI
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:
- Property Type: Industrial
- Transaction Amount: $21,200,000
- Address: 4999 Oakland Street & 18245 East 40th Avenue
- Market: Denver & Aurora, CO
- Broker: Jake Malman - Malman Commercial Real Estate
- SF: 205,966
- PPSF: $103
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.
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
0.75%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93