Ascent Commercial Real Estate LLC Acquires Industrial Property In Denver For $3.1M
501 Kalamath Street & 521 Kalamath Street
$3,100,000
$64/SF
Building Size
48,356 SF
Asset Type
Industrial
Closing
Dec 6, 2023
AI
Malman Commercial Real Estate has facilitated the sale of an industrial property located at 501-521 Kalamath Street in Denver, Colorado. Ascent Commercial Real Estate LLC acquired the asset from Kalamath Associates LLC for a total sale price of $3,100,000. The property spans a total area of 24,178 square feet, resulting in a price per square foot (PPSF) of $128.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,100,000
- Address: 501-521 Kalamath Street
- Market: Denver, CO
Taylor Roy from Malman Commercial Real Estate represented Ascent Commercial Real Estate LLC as the buyer's representative, while CJ Anania and Tanner Digby from Digby Commercial Advisors represented Kalamath Associates LLC as the seller's representatives in the transaction.
NOTE: Ascent Commercial Real Estate LLC successfully completed the acquisition of the industrial property at 501-521 Kalamath Street in Denver, Colorado, with the assistance of Malman Commercial Real Estate. The property was purchased from Kalamath Associates LLC for a total of $3.1 million.
Players
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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93