Flywheel Capital Sells Mixed-Use Property On Federal Drive In Colorado Springs For $54.3M
SOLD
$54,300,000
Colorado
See Similar DealsMixed-use289 SF
Sold 01/09/2023
SOLD
Flywheel Capital Sells Mixed-Use Property On Federal Drive In Colorado Springs For $54.3M
10125 Federal Drive, Colorado Springs, Colorado 80908, United States
See Similar DealsMixed-use289 SF
Sold 01/09/2023
Summary
COLORADO
Asset Type:Mixed-use
Price Per Square Foot:$187,889
Total Square Footage:289 SF
Transaction Type:Sale
The mixed-use property located at 10125 & 10205 Federal Drive in Colorado Springs, CO has been sold for a total of $54,300,000. The property spans an area of 289,018 square feet and was sold at a rate of $188 per square foot.
Summary of Transaction Details
- Property Type: Mixed-Use
- Transaction Amount: $54,300,000
- Seller: Flywheel Capital
- Brokers: Aaron Johnson & Jon Hendrickson - Cushman & Wakefield
- Market: Colorado Springs, CO
Aaron Johnson and Jon Hendrickson from Cushman & Wakefield represented the buyer and seller in this transaction.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,896,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$192,916.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$257,409.70
Annual Debt Service$3,088,916.43
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