DCP Midway LLC Acquires Industrial Property In Littleton From Davco Group For $6.9M
8101 Midway Dr, Littleton, CO, 80125
$6,900,000
Building Size
—
Asset Type
Industrial
Closing
Nov 20, 2023
AI
The light industrial property located at 8101 Midway Drive in Littleton, sold for $6.9 million. The 48,820-square-foot building is fully climate-controlled and offers outside storage as well as oversized drive-in doors. The transaction was brokered by NavPoint Real Estate Group, with DCP Midway LLC acquiring the property from Davco Group.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,900,000.00
- Buyer: DCP Midway LLC
- Buyer's Rep: Matthew (Matt) McAllister (Cushman & Wakefield)
- Seller: Davco Group
- Market: Littleton
- Address: 8101 Midway Dr, Littleton, CO, 80125
Jeff Brandon and Matt Call of NavPoint Real Estate Group represented the buyer, while Tyler Carner of CBRE represented the seller in this industrial property transaction in Littleton.
Littleton 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
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93