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6270 East 50th Avenue

Albrook Partners Acquires Denver Industrial Property From C.C.E. Real Estate For $3.8M
SOLDIndustrial

Albrook Partners Acquires Denver Industrial Property From C.C.E. Real Estate For $3.8M

$3,800,000

$109/SF

Building Size

34,782 SF

Asset Type

Industrial

Closing

Nov 10, 2023

AI

NAI Shames Makovsky facilitated the acquisition of a Denver industrial property located at 6270 East 50th Avenue by Albrook Partners. The property was purchased from C.C.E. Real Estate LLC for a total of $3,800,000. The industrial property spans a total of 34,782 square feet, resulting in a price per square foot of $109.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,800,000
  • Address: 6270 East 50th Avenue, Denver, CO
  • Market: Denver, CO
  • Buyer: Albrook Partners
  • Seller: C.C.E. Real Estate LLC
  • Brokers: Adam Hubschman & Paul Cattin - NAI Shames Makovsky
  • SF: 34,782
  • PPSF: $109

The acquisition of the Denver industrial property at 6270 East 50th Avenue was facilitated by NAI Shames Makovsky on behalf of Albrook Partners. The property was purchased from C.C.E. Real Estate LLC for a total of $3.8 million. This transaction provides Albrook Partners with a valuable industrial asset in a prime location.

Players

Adam Hubschman

NAI Global

Broker

$3.8M

vol

1 deal

Broker

Market 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

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93