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Marcus & Millichap Brokers $1.9M Sale Of Centennial, CO Office Building

Property Image
SOLD
$1,900,000
Chadd Nelson
Brandon Kramer

Colorado

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Office15,377 SF
Sold 05/30/2024
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Property Image
SOLD

Marcus & Millichap Brokers $1.9M Sale Of Centennial, CO Office Building

6886 South Yosemite Street

See Similar Deals
Office15,377 SF
Sold 05/30/2024
Chadd Nelson
Brandon Kramer
the dealplayerscompscontact
Contact now

Summary

COLORADO
Asset Type:Office
Price Per Square Foot:$123
Total Square Footage:15,377 SF
Transaction Type:Sale

The Office at Yosemite, located at 6886 South Yosemite Street in Centennial, CO, was recently sold for $1,900,000. Spanning 15,377 square feet, the office building was brokered by Marcus & Millichap, with Brandon Kramer and Chadd Nelson representing the seller. The property is situated near Fiddler’s Green Amphitheatre and the Arapahoe Entertainment District.

Summary of transaction details:

Brandon Kramer and Chadd Nelson, representing Marcus & Millichap, facilitated the $1.9 million sale of The Office at Yosemite. The sale of the Centennial office building near Denver was brokered by this experienced team, showcasing their expertise in commercial real estate transactions.

Players

Brandon Kramer
Marcus & Millichap
Brandon Kramer
5 deals$16M volume(303) 328-2020
BROKER
Chadd Nelson
Marcus & Millichap
Chadd Nelson
2 deals$4M volume(303) 328-2056
BROKER

Details

SOLD
IMAGE: 05/30/2024 ADDRESS: 6886 South Yosemite Street MARKET: Centennial, CO ASSET TYPE: Office BROKERS: Brandon Kramer & Chadd Nelson - Marcus & Millichap SALE PRICE: $1,900,000 SF: 15,377 ~ PPSF: $124 NOTE: Marcus & Millichap brokered the $1.9 million sale of The Office at Yosemite, a Centennial office building near Denver, with Brandon Kramer and Chadd Nelson representing the seller, a limited liability company. Situated at 6886 S. Yosemite St., the property spans 15,377 square feet and enjoys proximity to Fiddler’s Green Amphitheatre and the Arapahoe Entertainment District.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$101,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63