Warren Cohen's Virginia Village Associates LTD Sells Retail Center In Denver For $12.8M
1417 South Holly Street, 1495 South Holly Street & 5595 East Florida Avenue
$12,800,000
$86/SF
Building Size
147,993 SF
Asset Type
Retail
Closing
Feb 4, 2025
AI
A 49,331-square-foot retail shopping center located at 1417 South Holly Street, 1495 South Holly Street, and 5595 East Florida Avenue in the Denver market sold for $12.8 million. The shopping center is currently 80% leased with tenants that include Ace Hardware and a swim school.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,800,000
- Sale Date: 02/04/2025
- Square Footage: 49,331
- Price per Square Foot: $259
- Seller: Warren Cohen - Virginia Village Associates LTD
- Broker Representatives: Aaron Johnson, Jon Hendrickson & Mitch Veremeychik - Cushman & Wakefield
- Leasing Status: 80% leased
The sale was facilitated by Cushman & Wakefield, which represented the seller, Virginia Village Associates LTD, associated with Warren Cohen of D4 Urban. The transaction highlights the involvement of prominent brokers in the retail sector in Denver.
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
1.24%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93