Igal Namdar Elliot Nassim Jonathan Abda Jonathan Nazarian Acquire Office From Peakstone Realty Trust For $16.25M In Platteville CO
501 North Division Street
$16,250,000
$141/SF
Building Size
114,534 SF
Asset Type
Office
Closing
Jul 28, 2025
AI
The property asset involved in this transaction is an office located at 501 North Division Street in Platteville, CO. The sale was completed for a total amount of $16,250,000, encompassing a total square footage of 114,534, which breaks down to a price per square foot of $141.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $16,250,000
- Sale Date: 7/29/2025
- Seller: Peakstone Realty Trust
- Buyers: Igal Namdar, Elliot Nassim, Jonathan Abda & Jonathan Nazarian
- Seller's Representative: John Jugl - Newmark
- Attorney: Ben Sedaghatzandi - Hakimi Law P.C
In this transaction, Igal Namdar, Elliot Nassim, Jonathan Abda, and Jonathan Nazarian acted as the buyers acquiring the property from Peakstone Realty Trust, which was represented by John Jugl from Newmark. The legal representation for the transaction was provided by Ben Sedaghatzandi from Hakimi Law P.C.
Players
Platteville 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
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93