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6850 W 52nd Ave, Arvada, CO...

Private Investor Acquires Property In Arvada For $3 Million With Buyer's Rep Craig Tomlinson
SOLDOffice

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

Craig Tomlinson

Broker

$38M

vol

4 deals

Broker

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