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4725 Independence Street

Tecta LLC And Solo@LHC LLC Sell Mixed-use Facility In Wheat Ridge For $4.8M With Pinnacle Real Estate Advisors
SOLDMixed-use

Tecta LLC And Solo@LHC LLC Sell Mixed-use Facility In Wheat Ridge For $4.8M With Pinnacle Real Estate Advisors

4725 Independence Street

$4,800,000

$125/SF

Building Size

38,114 SF

Asset Type

Mixed-use

Closing

Jul 17, 2024

AI

The property involved in this transaction is a mixed-use facility located at 4725 Independence Street, Wheat Ridge, CO, occupying 3.3 acres. The asset comprises 38,114 square feet and was sold for $4,800,000, translating to a price per square foot of $126.

Summary of transaction details:

This transaction involved the sale facilitated by Pinnacle Real Estate Advisors, representing both the buyer and the seller through their respective brokers. The seller's side was supported by James Wachholz, John Reynolds of Cushman & Wakefield, and RC Myles from Pinnacle Real Estate Advisors, while the buyer was represented by Mark Alley and Paul Schneider from Pinnacle Real Estate Advisors.

Players

Mark Alley

Pinnacle Real Estate Advisors

Broker

$17.6M

vol

4 deals

Broker

Wheat Ridge Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.30%

Cash-on-Cash

-0.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93