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131 Madison Street

University Of Colorado Health Acquires 131 Madison Street Office For $3.1M
SOLDOffice

University Of Colorado Health Acquires 131 Madison Street Office For $3.1M

131 Madison Street

$3,100,000

$503/SF

Building Size

6,156 SF

Asset Type

Office

Closing

Mar 18, 2024

AI

Located at 131 Madison Street in Denver, CO, this office building spans 6,156 square feet and was recently sold for $3.1 million. The sale price per square foot was $504. The transaction was facilitated by Malman Commercial Real Estate, with the University of Colorado Health acquiring the property from 131 Madison Investors.

Summary of transaction details:

The deal involved Julie Burch & Kyle Underwood from Legend Partner representing the buyer, while Jake Malman & Taylor Roy from Malman Commercial Real Estate represented the seller. The office building at 131 Madison Street in Denver's Cherry Creek district changed ownership in this transaction.

Players

Taylor Roy

Malman Commercial Real Estate

Broker

$15M

vol

5 deals

Broker

Denver Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.12%

Cash-on-Cash

-1.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93