NorthPeak Commercial Advisors Facilitates $1.2M Sale Of Denver Office Building At 1638-1640 Logan St
1638 Logan Street & 1640 Logan Street
$1,200,000
$106/SF
Building Size
5,657 SF
Asset Type
Office
Closing
Nov 27, 2023
About this deal
AI
NorthPeak Commercial Advisors facilitated the $1.2 million sale of a Denver office building located at 1638-1640 Logan St. The property spans 5,657 square feet and was sold for a price of $212 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,200,000
- Square Footage: 5,657
- Price Per Square Foot: $212
- Address: 1638 Logan Street & 1640 Logan Street, Denver, CO
- Market: Denver, CO
The sale was facilitated by Joe Hornstein & Scott Fetter of NorthPeak Commercial Advisors. They represented the buyer and seller in the deal.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93