Fleming Building LLC Purchases 70 N Broadway Denver For $6.3 Million With Seller's Rep Joey Gargotto
70 N Broadway, Denver, CO, 80203
$6,300,000
$360/SF
Building Size
17,500 SF
Asset Type
Retail
Closing
Nov 20, 2023
AI
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.
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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93