Mazon Evans LLC Acquires Retail Properties In Denver For $1 Million With Brokers Jake Malman And Mark Pyms
1135 East Evans Avenue & 2085 South Downing Street
$1,000,000
$74/SF
Building Size
13,400 SF
Asset Type
Retail
Closing
Dec 10, 2024
AI
The retail property at 1135 East Evans Avenue and 2085 South Downing Street in Denver, CO, has been sold for $1,000,000. The total square footage of the asset is 6,700, with a price per square foot of $149.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,000,000
- Buyer: Mazon Evans LLC
- Seller: Downing & Evans LLP
- Buyer's Representative: Jake Malman - Malman Commercial Real Estate
- Seller's Representative: Mark Pyms - Panorama Commercial Brokerage
The transaction was facilitated by Malman Commercial Real Estate, with Jake Malman representing Mazon Evans LLC in the purchase, while Mark Pyms from Panorama Commercial Brokerage represented Downing & Evans LLP in the sale. This transaction reflects the brokerage efforts involved in closing the deal for the retail space.
Players
Denver Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93