Cadence Capital Sells Retail Property In Wheat Ridge, CO For $8.8M
4400 Harlan Court
$8,800,000
$1,892/SF
Building Size
4,650 SF
Asset Type
Retail
Closing
Jan 16, 2024
About this deal
AI
A newly developed retail property located at 4400 Harlan Court in Wheat Ridge, Denver, CO has been sold in a recent transaction. Situated on a 1.3-acre plot, this retail asset spans 4,650 square feet. The property was acquired by a California-based family office from Cadence Capital at a sale price of $8,800,000. The retail space is currently occupied by 7-Eleven and features the new Laredo Taco quick-service restaurant concept.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,800,000
- Address: 4400 Harlan Court, Wheat Ridge, Denver, CO
- Market: Denver, CO
- Acres: 1.3
The sale of this retail property was facilitated by SRS Real Estate Partners. Ryan Tomkins from SRS Capital Market acted as the broker in the transaction, representing Cadence Capital, the seller. The buyer was represented by Karl Siegling from Cadence Capital.
Players
Wheat Ridge 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
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93