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8801 E Montview BLVD, Denve...

Jason Schmidt Of JLL Represents Seller In Sale Of 8801 E Montview Blvd Denver, CO
SOLDRetail

Jason Schmidt Of JLL Represents Seller In Sale Of 8801 E Montview Blvd Denver, CO

8801 E Montview BLVD, Denver, CO, 8...

Building Size

8,511 SF

Asset Type

Retail

Closing

Nov 20, 2023

AI

The Shops on Montview, a retail center located at 8801 E. Montview Blvd. in Denver’s Central Park neighborhood, has been sold. Built in 2020, the property encompasses 8,511 square feet of retail space, and at the time of the sale, it was fully occupied by four tenants: I Heart Mac & Cheese, Pizza Hut, Smile Studio Dental, and Starbucks Coffee.

Summary of transaction details:

  • Property Type: Retail Center
  • Transaction Amount: Not disclosed
  • Address: 8801 E Montview Blvd, Denver, CO
  • Market: Denver
  • Seller's Representative: Jason Schmidt - JLL
  • Buyer: Undisclosed

Jason Schmidt, from JLL Retail Capital Markets Investment Sales and Advisory, led the team representing the seller in this transaction, contributing to the successful disposition of The Shops on Montview.

Players

Jason Schmidt

JLL

Broker

$193.9M

vol

12 deals

Broker

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93