Flywheel Acquisitions Acquires Office Property On E Arkansas Ave In Denver For $14.7M
SOLD
$14,700,000
Colorado
See Similar DealsOffice63,335 SF
Sold 09/08/2022
SOLD
Flywheel Acquisitions Acquires Office Property On E Arkansas Ave In Denver For $14.7M
4100 East Arkansas Avenue, Denver, Colorado 80222, United States
See Similar DealsOffice63,335 SF
Sold 09/08/2022
Summary
COLORADO
Asset Type:Office
Price Per Square Foot:$232
Total Square Footage:63,335 SF
Transaction Type:Sale
The office property located at 4100 E Arkansas Ave in Denver, CO has been sold. The property spans across 2.3 acres and covers a total area of 63,335 square feet. The transaction took place on September 8, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $14,700,000
- Price per Square Foot: $232
- Address: 4100 E Arkansas Ave, Denver, CO
The buyer of the property is Flywheel Acquisitions, while the seller is 4100 Investors LLC. The deal was facilitated by the brokers Aaron Johnson, Jon Hendrickson, and Mitch Veremeychik from Cushman & Wakefield.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$784,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$52,225.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$69,685.50
Annual Debt Service$836,226.00
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