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
Denver Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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