DAMF Realty Acquires Denver Office Property From Javier G. Vande Steeg For $8.1M
1321 Bannock Street
$8,100,000
Building Size
—
Asset Type
Office
Closing
Dec 1, 2023
About this deal
AI
Asset Preservation has successfully sold an office property at 1321 N. Bannock St. in Denver to DAMF Realty for $8.1 million. The property is located at 1321 North Bannock Street in Denver, Colorado. The transaction took place on 12/01/2023.
Summary of transation details
- Property Type: Office
- Transaction Amount: $8,100,000
- Address: 1321 North Bannock Street, Denver, CO
- Market: Denver, CO
Kittie Hook of Newmark represented the buyer, DAMF Realty, in this transaction. Javier G. Vande Steeg, representing Asset Preservation, was the seller. Javier G. Vande Steeg - Asset Preservation and Kittie Hook - Newmark were the brokers involved in the deal.
On the Map
$8,100,000
Office
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Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93