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Marcus & Millichap Sells Industrial Building In Arvada, CO For $1.7M
SOLD
Colorado
See Similar DealsIndustrial8,075 SF
Sold 08/01/2023
SOLD
Marcus & Millichap Sells Industrial Building In Arvada, CO For $1.7M
5790 Lamar Street Arvada, Colorado 80002, Usa
See Similar DealsIndustrial8,075 SF
Sold 08/01/2023
Summary
COLORADO
Asset Type:Industrial
Price Per Square Foot:$210
Total Square Footage:8,075 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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