Big Ben Private Real Estate I LP Acquires Retail Asset In Denver For $56.7M With Wells Fargo Financing

The property involved in the transaction is a retail asset located at 7506 East 36th Avenue in Denver, CO. The sale was finalized for a price of $56,700,000 with a total square footage of 207,611, resulting in a price per square foot of $273.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $56,700,000
• Buyer: Big Ben Private Real Estate I LP
• Brokerage: Austin Snedden & Jason Schmidt - JLL
• Lender: Wells Fargo
• Previous Purchase Price: $42,200,000
• Previous Purchase Year: 2019
• Financing Amount: $38,900,000

JLL acted as the brokerage firm representing the transaction, facilitating the sale from ALTO, who acquired the property in 2019 for a lesser amount. The financing was secured through Wells Fargo, highlighting the financial structure supporting the acquisition by Big Ben Private Real Estate I LP.