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2124 Larimer St, Denver, CO...

Benjamin Weinstein Acquires Retail Property From MDK Larimer In Denver For $4.2M
SOLDRetail

Benjamin Weinstein Acquires Retail Property From MDK Larimer In Denver For $4.2M

2124 Larimer St, Denver, CO, 80205

$4,200,000

Building Size

Asset Type

Retail

Closing

Nov 22, 2023

AI

The retail property located at 2124-2134 Larimer St in Denver, CO, 80205 has been successfully sold. The asset, spanning 7,200 square feet, was acquired by Benjamin Weinstein from MDK Larimer for $4.2 million. Todd Snyder of NAI Shames Makovsky facilitated the transaction representing the seller.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,200,000.00
  • Address: 2124 Larimer St, Denver, CO, 80205
  • Market: Denver
  • Seller's Representative: Todd Snyder
  • Buyer: Benjamin Weinstein

NAI Shames Makovsky played a crucial role in brokering the deal, ensuring a successful transaction between Benjamin Weinstein and MDK Larimer for the retail property. The involvement of Todd Snyder as the seller's representative highlights the collaborative effort within the real estate market in Denver.

Players

Todd Snyder

Broker

$13.8M

vol

3 deals

Broker

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

3.78%

Cash-on-Cash

-1.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93