Benjamin Weinstein Acquires Retail Property From MDK Larimer In Denver For $4.2M
SOLD
$4,200,000
Colorado
See Similar DealsRetail
SOLD
Benjamin Weinstein Acquires Retail Property From MDK Larimer In Denver For $4.2M
2124 Larimer St, Denver, CO, 80205
See Similar DealsRetail
Summary
COLORADO
Asset Type:Retail
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
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