CHIC Denver Acquires Office Building In Denver From Unbridled Wealth For $2.1 Million
1525 Josephine S denver
$2,100,000
$330/SF
Building Size
6,358 SF
Asset Type
Office
Closing
Oct 24, 2024
About this deal
AI
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.
On the Map
$2,100,000
$330/SF
Office
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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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93