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Dream US Industrial Fund Acquires Enterprise Business Center Building 7 In Denver For $25.5M

Property Image
SOLD
$25,500,000
Mike Wafer
Mike Viehmann
Jack Richey
+ 1

Colorado

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Industrial157,942 SF
Sold 07/09/2025
the dealplayerscompscontact
Property Image
SOLD

Dream US Industrial Fund Acquires Enterprise Business Center Building 7 In Denver For $25.5M

9420 East 40th Avenue

See Similar Deals
Industrial157,942 SF
Sold 07/09/2025
Mike Wafer
Mike Viehmann
Jack Richey
+ 1
the dealplayerscompscontact
Contact now

Summary

COLORADO
Asset Type:Industrial
Price Per Square Foot:$161
Total Square Footage:157,942 SF
Transaction Type:Sale

The industrial property located at 9420 East 40th Avenue, Denver, CO, was sold for $25,500,000. This asset spans 157,942 square feet and was built in 2017. It features a 24-foot clear height and is equipped with ESFR sprinklers, complemented by a large truck court.

Summary of transaction details:

United Properties sold the Enterprise Business Center Building 7 to Dream US Industrial Fund, a Dream REIT entity. The brokers involved in the transaction were from Newmark, representing the interests of both the buyer and seller effectively throughout the deal.

Players

Mike Wafer
Newmark
Mike Wafer
1 deal$25.5M volume(303) 260-4242
BROKER
Newmark
Newmark
BROKERAGE
Newmark
Newmark
BROKERAGE
Mike Viehmann
Newmark
Mike Viehmann
1 deal$25.5M volume(303) 260-4340
BROKER
Jack Richey
Newmark
Jack Richey
1 deal$25.5M volume(303) 990-1150
BROKER
Sean Fitzgerald
Newmark
Sean Fitzgerald
1 deal$25.5M volume(303) 260-4376
BROKER
Newmark
Newmark
BROKERAGE
United Properties
United Properties
SELLER

Details

SOLD
IMAGE: 07/09/2025 ADDRESS: 9420 East 40th Avenue MARKET: Denver, CO ASSET TYPE: Industrial BUYER: Dream US Industrial Fund SELLER: United Properties BROKERS: Mike Wafer, Tim Richey, Michael Wafer Jr., Mike Viehmann, Jack Richey & Sean Fitzgerald - Newmark SALE PRICE: $25,500,000 SF: 157,942 ~ PPSF: $161 NOTE: United Properties sold Denver’s Enterprise Business Center Building 7 for $25.5M to Dream US Industrial Fund, a Dream REIT entity. The 157,942-sq-ft industrial asset, built in 2017, features 24-foot clear height, ESFR sprinklers, and a large truck court.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,360,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$90,596.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$120,883.01
Annual Debt Service$1,450,596.11