BioMed Realty Acquires Industrial Property In Boulder, CO For $625M
SOLD
$625,000,000
Colorado
See Similar DealsIndustrial5,500,120 SF
Sold 06/02/2022
SOLD
BioMed Realty Acquires Industrial Property In Boulder, CO For $625M
5500 Flatiron Parkway, Boulder, Colorado 80301, United States
See Similar DealsIndustrial5,500,120 SF
Sold 06/02/2022
Summary
COLORADO
Asset Type:Industrial
Price Per Square Foot:$113
Total Square Footage:5,500,120 SF
Transaction Type:Sale
The industrial property located at 5500 Flatiron Parkway, Suite 120 in Boulder, CO has been sold in a closed transaction. The property spans approximately 1,000,000 square feet and was sold at a price of $625,000,000, resulting in a price per square foot of $625. The buyer of the property is BioMed Realty.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $625,000,000
- Address: 5500 Flatiron Parkway, Suite 120, Boulder, CO
- Market: Boulder, CO
- Buyer: BioMed Realty
This transaction demonstrates the significant value and demand in the industrial real estate market in Boulder, CO. The sale of this property at a price of $625,000,000 highlights the attractiveness of the location and the potential for future growth in the area. BioMed Realty, as the buyer, has made a strategic investment in the industrial sector in Boulder, CO.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$33,333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,220,493.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,962,818.86
Annual Debt Service$35,553,826.32
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