NavPoint Real Estate Group Facilitates $2.2M Sale Of Mixed-Use Asset In Centennial
7006 South Alton Way
$2,200,000
$223/SF
Building Size
9,850 SF
Asset Type
Mixed-use
Closing
Feb 20, 2024
AI
The flex building at 7006 South Alton Way in Centennial, CO, was recently sold for $2.2 million. Spanning 9,850 square feet, the mixed-use property was acquired by J&K Capital LLC from Bill & Paulette Weinberger LLC. The transaction was facilitated by NavPoint Real Estate Group, with Trent Rice of Pinnacle Real Estate Advisors representing the buyer.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $2,200,000
- Address: 7006 South Alton Way
- Market: Centennial, CO
- Square Footage: 9,850
- Price per Square Foot: $223
- Buyer's Representative: Trent Rice - Pinnacle Real Estate Advisors
- Seller: Bill & Paulette Weinberger LLC
- Seller's Representatives: Jordan Burgess & Matt Kuble - NavPoint Real Estate Group
NavPoint Real Estate Group played a key role in orchestrating the sale of the flex building on South Alton Way, facilitating the transfer from the Weinberger family to J&K Capital LLC. It's noteworthy that the property is located in Centennial, a Denver suburb chosen as the setting for this transaction.
Players
Centennial 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93