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
About this deal
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.
On the Map
Retail
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Denver Retail Market Snapshot
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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