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501 North Division Street

Igal Namdar Elliot Nassim Jonathan Abda Jonathan Nazarian Acquire Office From Peakstone Realty Trust For $16.25M In Platteville CO
SOLDOffice

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

John Jugl

Newmark

Broker

$16.3M

vol

1 deal

Broker
Newmark
NewmarkBrokerage
Igal Namdar

Igal Namdar

Buyer

$2.1B

vol

23 deals

Buyer

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