Marcus & Millichap Sells Industrial Building In Arvada, CO For $1.7M
5790 Lamar Street Arvada, Colorado 80002, Usa
$1,700,000
$210/SF
Building Size
8,075 SF
Asset Type
Industrial
Closing
Aug 1, 2023
AI
An industrial building located at 5790 Lamar St. in Arvada, near Denver, was recently sold for $1.7 million. The building spans a total area of 8,075 square feet, resulting in a price per square foot of $211.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,700,000
- Address: 5790 Lamar St, Arvada, CO
- Market: Arvada, CO
- Brokers: Alyssa Tomback, Riley Kilgore & Thimy Moraitis - Marcus & Millichap
Marcus & Millichap facilitated the sale of the industrial building. The transaction involved a limited liability company as the seller, while the buyer remains undisclosed. The exact details of the deal, including any additional parties involved, were not provided in the available information.
Players
Lamar 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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93