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3405 South Yarrow Street

Marcus & Millichap Facilitates $2.1M Sale Of Lakewood Office Building
SOLDOffice

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:

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

Chris Lind

Marcus & Millichap

Broker

$230.3M

vol

36 deals

Broker

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