76 N Broadway LLC Purchases Retail Property At 76 Broadway In Denver For $3.3M
76 Broadway
$3,300,000
$253/SF
Building Size
13,000 SF
Asset Type
Retail
Closing
May 16, 2025
AI
The property asset involved in this transaction is located at 76 Broadway, Denver, CO. It is classified as a retail asset with a total square footage of 13,000. The transaction was completed for a sale price of $3,300,000, resulting in a price per square foot of $254.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,300,000
- Address: 76 Broadway
- Market: Denver, CO
- Square Footage: 13,000
- Price per Square Foot: $254
- Buyer: 76 N Broadway LLC
- Buyer's Representative: Paul Cattin - Platinum CRE
- Seller's Representative: Todd Snyder - Kentwood Commercial
This transaction sees 76 N Broadway LLC as the buyer, represented by Paul Cattin from Platinum CRE. The seller was represented by Todd Snyder of Kentwood Commercial. The property features a mixed-use layout with retail space and 18 fully leased office suites, highlighting its versatility in the market.
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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93