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

Property Image
SOLD
$4,800,000
Paul Schneider
John Reynolds
+ 2

Colorado

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Mixed-use38,114 SF
Sold 07/17/2024
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Property Image
SOLD

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

4725 Independence Street

See Similar Deals
Mixed-use38,114 SF
Sold 07/17/2024
Paul Schneider
John Reynolds
+ 2
Contact now

Summary

COLORADO
Asset Type:Mixed-use
Price Per Square Foot:$125
Total Square Footage:38,114 SF
Transaction Type:Sale

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
4 deals$17.6M volume(303) 842-3064
BROKER

Paul Schneider
Pinnacle Real Estate Advisors
2 deals$9.7M volume(303) 962-9546
BROKER

John Reynolds
Cushman & Wakefield
1 deal$4.8M volume(303) 729-2334
BROKER

James Wachholz
Cushman & Wakefield
1 deal$4.8M volume(303) 292-3700
BROKER

RC Myles
Pinnacle Real Estate Advisors
3 deals$11.5M volume
BROKER

Details

SOLD
IMAGE: 07/17/2024 ADDRESS: 4725 Independence Street MARKET: Wheat Ridge, CO ASSET TYPE: Mixed-use ~ ACRES: 3.3 SELLER: Tecta LLC & Solo@LHC LLC BUYER'S REP: Mark Alley & Paul Schneider - Pinnacle Real Estate Advisors SELLER'S REP: James Wachholz, John Reynolds - Cushman & Wakefield & RC Myles - Pinnacle Real Estate Advisors SALE PRICE: $4,800,000 SF: 38,114 ~ PPSF: $126 NOTE: Pinnacle Real Estate Advisors facilitated the $4.8 million sale of a fully occupied office, industrial, and warehouse facility spanning 38,114 square feet on 3.3 acres in Wheat Ridge, near Denver. The property, located at 4725 Independence St., was sold by Tecta LLC and Solo@LHC LLC to an undisclosed buyer. The transaction involved representation from John Reynolds, James Wachholz of Cushman & Wakefield, and RC Myles from Pinnacle Real Estate Advisors for the seller, while Mark Alley and Paul Schneider of Pinnacle Real Estate Advisors represented the buyer. Traded

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

$256,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39