National Bank Provides $54.3M Acquisition Loan For Office Property In Denver
250 Fillmore Street, Denver, Colorado 80206, United States
$54,300,000
$467/SF
Building Size
116,187 SF
Asset Type
Office
Closing
Jan 12, 2022
AI
The property involved in this transaction is an office located at 250 Fillmore St in Denver, CO. It spans a total area of 116,187 square feet. The transaction took place on January 13, 2022. The property was acquired through a loan provided by National Bank. The loan amount for this acquisition was $54,300,000. The loan term is five years with a floating-rate.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $54,300,000
- Address: 250 Fillmore St, Denver, CO
- Market: Denver, CO
- Lender: National Bank
- Loan Type: Acquisition
- Loan Term: Five-year, floating-rate
- Brokers: Eric Tupler & Leon McBroom - JLL Capital Markets
The loan for this transaction was arranged by Eric Tupler and Leon McBroom from JLL Capital Markets.
Players
Denver Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93