Pinnacle Real Estate Advisors Facilitates $14.4 Million Sale Of Westgate Shopping Center In Lakewood, CO
3265 South Wadsworth Boulevard Lakewood, Colorado 80227, USA
$14,400,000
Building Size
—
Asset Type
Retail
Closing
Jul 28, 2023
About this deal
AI
The Westgate Shopping Center in Lakewood, Colorado has been sold for $14.4 million. The property, located at 3265 S Wadsworth Blvd, is a retail asset situated approximately eight miles from downtown Denver.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $14,400,000
- Brokers: Eric Diesch & Peter Sengelmann - Pinnacle Real Estate Advisors
- Market: Lakewood, CO
Pinnacle Real Estate Advisors facilitated the sale of the Westgate Shopping Center. Eric Diesch and Peter Sengelmann, representing Pinnacle Real Estate Advisors, played a key role in the transaction.
On the Map
$14,400,000
Retail
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Players
Lakewood 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
1.10%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93