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
About this deal
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.
On the Map
$2,100,000
$297/SF
Office
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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