Menashe Properties Inc Acquires Office Building In Denver, CO For $50M
SOLD
$50,000,000
Colorado
See Similar DealsOffice370,000 SF
Sold 08/04/2022
SOLD
Menashe Properties Inc Acquires Office Building In Denver, CO For $50M
4582 South Ulster Street, Denver, Colorado 80237, United States
See Similar DealsOffice370,000 SF
Sold 08/04/2022
Summary
COLORADO
Asset Type:Office
Price Per Square Foot:$135
Total Square Footage:370,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,666,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$177,639.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$237,025.51
Annual Debt Service$2,844,306.11
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