Dib Development Group Acquires Office Property On Hampden Avenue, Denver For $4.1M
7200 East Hampden Avenue, Denver, Colorado, USA
$4,100,000
$146/SF
Building Size
28,000 SF
Asset Type
Office
Closing
Aug 15, 2021
About this deal
AI
The property involved in this transaction is an office building located at 7200 E. Hampden Avenue in Denver, CO. The property has a total square footage of 28,000 and is zoned as (MX, M-GMX) (S-MX-3). The sale price for this transaction was $4,100,000, resulting in a price per square foot of $146.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $4,100,000
- Address: 7200 E. Hampden Avenue, Denver, CO
- Market: Denver, CO
- Zoning: (MX, M-GMX) (S-MX-3)
The buyer for this transaction was Dib Development Group, represented by Roland Dib and Danielle Dib. The seller of the property was APSE. The broker involved in the deal was David Gagliano.
On the Map
$4,100,000
$146/SF
Office
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Players
Denver 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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93