Updated Oct 29, 2024
Colorado Floor Company Acquires Airpark North Industrial Facility In Loveland For $8.5M
6987 Rickenbacker Road Loveland, Colorado 80538, USA
$8,500,000
$236/SF
Building Size
36,000 SF
Asset Type
Industrial
Closing
Aug 21, 2023
About this deal
AI
A recently completed Class-A industrial project in Loveland, located at 6987 Rickenbacker Road, has been sold for approximately $8.53 million. The property spans 36,000 square feet and is known as Airpark North. The buyer, Colorado Floor Company, plans to utilize the entire facility for its operations. With a price per square foot of $236, this transaction marks a significant investment in the industrial market in Loveland, CO.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,500,000
- Address: 6987 Rickenbacker Road, Loveland, CO
- Buyer: Colorado Floor Company
- Seller: BH Developers
- Square Footage: 36,000
- Price per Square Foot: $236
The Colorado Floor Company, a prominent player in the industry, has acquired Airpark North in Loveland. BH Developers, the seller in this transaction, recognized the potential of the recently completed industrial project and successfully closed the deal. This acquisition will allow the Colorado Floor Company to expand its operations and further establish its presence in the area.
Players
Loveland Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93