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CHIC Denver Acquires Office Building In Denver From Unbridled Wealth For $2.1 Million
SOLD
$2,100,000
Colorado
See Similar DealsOffice6,358 SF
Sold 10/24/2024
SOLD
CHIC Denver Acquires Office Building In Denver From Unbridled Wealth For $2.1 Million
1525 Josephine S denver
See Similar DealsOffice6,358 SF
Sold 10/24/2024
Summary
COLORADO
Asset Type:Office
Price Per Square Foot:$330
Total Square Footage:6,358 SF
Transaction Type:Sale
An office building located at 1525 Josephine Street in Denver, CO was sold for $2,100,000. The property encompasses 6,358 square feet, translating to a price per square foot of $330.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,100,000
- Address: 1525 Josephine Street
- Market: Denver, CO
- Square Footage: 6,358
- Price Per Square Foot: $330
- Buyer: Collaborative Healing Initiative Within Communities (CHIC Denver)
- Seller: Unbridled Wealth
- Brokers: Cody Stambaugh, Kyle Moyer & Liz Morgan - Pinnacle Real Estate Advisors
The transaction was facilitated by Pinnacle Real Estate Advisors, with the sale managed by the Morgan Stambaugh Group, including representatives Cody Stambaugh, Liz Morgan, and Kyle Moyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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