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:
- Property Type: Mixed-use
- Transaction Amount: $4,800,000
- Sale Date: 07/17/2024
- Acres: 3.3
- Square Footage: 38,114
- Price per Square Foot: $126
- Seller: Tecta LLC & Solo@LHC LLC
- Buyer's Representative: Mark Alley & Paul Schneider - Pinnacle Real Estate Advisors
- Seller's Representatives: James Wachholz, John Reynolds - Cushman & Wakefield & RC Myles - Pinnacle Real Estate Advisors
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
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