Menashe Properties Inc Acquires Office Building In Denver, CO For $50M
4582 South Ulster Street, Denver, Colorado 80237, United States
$50,000,000
$135/SF
Building Size
370,000 SF
Asset Type
Office
Closing
Aug 3, 2022
AI
The office property located at 4582 S Ulster St in Denver, CO has been sold in a recent transaction. The property, spanning 370,000 square feet, was purchased by Menashe Properties Inc, represented by Jordan Menashe. The sale price for the property was $50,000,000, resulting in a price per square foot of $135.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $50,000,000
- Address: 4582 S Ulster St, Denver, CO
- Market: Denver, CO
- Buyer: Menashe Properties Inc - Jordan Menashe
- Square Footage: 370,000
- Price per Square Foot: $135
Represented by Jordan Menashe, Menashe Properties Inc successfully acquired the office property located at 4582 S Ulster St in Denver, CO. This deal signifies a significant investment in the Denver commercial real estate market.
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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93