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:
- Property Type: Office
- Transaction Amount: $3,100,000
- Buyer's Rep: Julie Burch & Kyle Underwood - Legend Partner
- Seller's Rep: Jake Malman & Taylor Roy - Malman Commercial Real Estate
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
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