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250 Fillmore Street, Denver...

National Bank Provides $54.3M Acquisition Loan For Office Property In Denver
FINANCEDOffice

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

Eric Tupler

JLL

Broker

$659.8M

vol

14 deals

Broker
National Bank
National BankLender

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