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August 4, 2021
DePaul Real Estate Advisors is pleased to announce the successful refinancing of the Gateway Plaza Business Park in Aurora, Colorado. Paul DeCrescentis and Jarod Pate at DePaul Real Estate Advisors represented the ownership, a California-based family office.
Gateway Plaza is a 125,000-square foot business park located near I-70 and Peoria Street in Denverâ€™s Aurora submarket. Spread over five buildings amid lush landscaping, the park has fenced and gated truck courts and many access points on Quentin Street, Peoria Street, 33rd Avenue and on Smith Road. Office finish averages 25%, while the warehousesâ€™ clear heights range from 12 to 20 feet. Loading is comprised of 22 drive-ins and 23 loading docks. The Park is occupied by over 30 businesses in a variety of industries: construction, biotechnology, distribution, fabrication and food production.
The cash-out refinancing includes a fixed interest rate of 3.02% and three years of interest-only payments followed by a 30-year amortization schedule.
DePaul Real Estate Advisors is a Denver-based brokerage and investment firm serving investors in commercial real estate and businesses that occupy commercial real estate. DePaulâ€™s businesses include asset sales, leasing, arranging senior secured debt, mezzanine debt, preferred equity and joint venture equity for existing and to-be-built projects. For more information, please contact Jarod Pate at (720)881-2727.