Marcus & Millichap Facilitates $2.1M Sale Of Lakewood Office Building
3405 South Yarrow Street
$2,100,000
$297/SF
Building Size
7,053 SF
Asset Type
Office
Closing
Mar 4, 2024
AI
The office building located at 3405 Yarrow St in Lakewood, CO, was sold for $2.1 million. This Class B space, spanning 7,053 square feet and built in 2023, was fully occupied at the time of sale, making it an attractive investment for a private investor.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,100,000
- SF: 7,053
- Price per Square Foot: $298
- Address: 3405 South Yarrow Street, Lakewood, CO
- Brokers: Adam Lewis, Brandon Kramer, Chadd Nelson, Chris Lind, Erik Enstad, Mark Ruble, Sean Lenchner & Zack House - Marcus & Millichap
The sale of the office building was facilitated by representatives from Marcus & Millichap's Denver and Phoenix offices, showcasing the collaborative effort of professionals from different locations to successfully close the deal and meet the needs of the buyer and seller.
Players
Lakewood 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