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NorthPeak Commercial Advisors Facilitates $1.2M Sale Of Denver Office Building At 1638-1640 Logan St
SOLD
$1,200,000
Colorado
See Similar DealsOffice11,314 SF
Sold 11/27/2023
SOLD
NorthPeak Commercial Advisors Facilitates $1.2M Sale Of Denver Office Building At 1638-1640 Logan St
1638 Logan Street & 1640 Logan Street
See Similar DealsOffice11,314 SF
Sold 11/27/2023
Summary
COLORADO
Asset Type:Office
Price Per Square Foot:$106
Total Square Footage:11,314 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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