Private Investor Acquires Property In Arvada For $3 Million With Buyer's Rep Craig Tomlinson
6850 W 52nd Ave, Arvada, CO, 80002
$3,000,000
$105/SF
Building Size
28,492 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
A Class B office building located at 6850 W 52nd Ave, Arvada, CO, was sold for $3,000,000. The property, built in 1998 and encompassing 28,492 square feet, sits on a 2.6-acre lot. It is currently occupied by multiple tenants, including HomeGuard Services and Venture Financial, with the asset being 91 percent leased at the time of the sale.
Summary of transaction details:
- Property Type: Office Building
- Transaction Amount: $3,000,000
- Address: 6850 W 52nd Ave, Arvada, CO, 80002
- Market: Arvada
- Size: 28,492 SF
- Buyer: Private Investor
- Buyer's Representative: Craig Tomlinson
This transaction was facilitated by Stan Johnson Co., a brokerage involved in commercial property sales. The buyer is a private investor based in Louisiana who acquired the property from an individual investor based in Washington.
Players
Arvada 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93