Ascent 2186 Purchases Office Building At 2186 South Holly Street For $1.6M From Hillsdale Holdings
2186 South Holly Street
$1,600,000
$99/SF
Building Size
16,050 SF
Asset Type
Office
Closing
May 1, 2025
About this deal
AI
The transaction involves the sale of an office building located at 2186 South Holly Street in Denver, CO. The asset type is identified as an office, with a sale price of $1,600,000. The total square footage of the property is 16,050, resulting in a price per square foot of $100.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,600,000
- Sale Date: 05/01/2025
- Buyer: Ascent 2186
- Seller: Hillsdale Holdings
- Buyer’s Representative: Chris Wiedenmayer - CW Real Estate Partner
- Seller’s Representative: Brandon Paxton - BRD Commercial Group
This transaction was facilitated by Chris Wiedenmayer representing the buyer, Ascent 2186, while the seller, Hillsdale Holdings, was represented by Brandon Paxton. The involvement of these representatives highlights the professional guidance provided throughout the purchasing process.
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93