facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Colorado

/

Industrial

/

Sale

/

6987 Rickenbacker Road Love...

Updated Oct 29, 2024

Colorado Floor Company Acquires Airpark North Industrial Facility In Loveland For $8.5M
SOLDIndustrial

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

Loading comparables…

Deal FAQ

About $236 per square foot on a published $8.5M for 36,000 square feet (2023).

Browse Colorado industrial sales on Traded.

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

More Deals

Nearby Markets