Fleming Building LLC Purchases 70 N Broadway Denver For $6.3 Million With Seller's Rep Joey Gargotto
SOLD
$6,300,000
Colorado
See Similar DealsRetail17,500 SF
SOLD
Fleming Building LLC Purchases 70 N Broadway Denver For $6.3 Million With Seller's Rep Joey Gargotto
70 N Broadway, Denver, CO, 80203
See Similar DealsRetail17,500 SF
Summary
COLORADO
Asset Type:Retail
Price Per Square Foot:$360
Total Square Footage:17,500 SF
Transaction Type:Sale
A retail property located at 70 N. Broadway in Denver has been sold for $6,300,000.00. The property encompasses 17,500 square feet of retail space and is situated within the Denver market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,300,000.00
- Address: 70 N Broadway, Denver, CO, 80203
- Market: Denver
- Seller's Representative: Joey Gargotto - NAI Shames Makovsky
- Buyer: Fleming Building LLC
- Seller: 70 Broadway LLC
Todd Snyder and Joey Gargotto from NAI Shames Makovsky played significant roles in representing the seller during this transaction, facilitating the sale of the retail asset.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$336,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,382.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,865.21
Annual Debt Service$358,382.57
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