Pinnacle Real Estate Brokers Facilitate $1.5M Retail Sale In Denver
4923 West 38th Avenue
$1,500,000
$254/SF
Building Size
5,885 SF
Asset Type
Retail
Closing
Jun 4, 2024
About this deal
AI
A 5,885-square-foot retail building located at 4923 West 38th Avenue in Denver, CO, was recently sold for $1,500,000. The sale was facilitated by Keith Lenz and Levi Saxen of Pinnacle Real Estate Advisors.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,500,000
- Sale Price per Square Foot: $255
- Address: 4923 West 38th Avenue, Denver, CO
- Market: Denver, CO
- Brokers: Keith Lenz & Levi Saxen - Pinnacle Real Estate Advisors
The Sandberg Monette Team, represented by Levi Saxen and Keith Lenz, played a key role in arranging the sale of the retail building. Pinnacle Real Estate Advisors facilitated the deal, showcasing their expertise in real estate transactions in the Denver market.
On the Map
$1,500,000
$254/SF
Retail
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Players
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93