Pinnacle Real Estate Advisors Brokers $4.7M Retail Sale In Denver Representing Both Parties
2035 South Broadway
$4,700,000
$840/SF
Building Size
5,589 SF
Asset Type
Retail
Closing
Jan 20, 2025
About this deal
AI
A retail property located at 2035 South Broadway in Denver, CO has been sold for $4,700,000. The asset encompasses a total of 5,589 square feet, equating to a price per square foot of $841.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,700,000
- Square Footage: 5,589 SF
- Price Per Square Foot: $841
- Sale Date: 01/20/2025
- Market: Denver, CO
The transaction involved Levi Saxen and Jack Eberwein of Pinnacle Real Estate Advisors, who represented both the buyer and seller in this deal. The sale was conducted off-market. Pinnacle Real Estate Advisors facilitated the transaction through their team, known as The Saxen Team.
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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93