Flywheel Capital Sells Mixed-Use Property On Federal Drive In Colorado Springs For $54.3M
10125 Federal Drive, Colorado Springs, Colorado 80908, United States
$54,300,000
$187,889/SF
Building Size
289 SF
Asset Type
Mixed-use
Closing
Jan 8, 2023
AI
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.
Players
Colorado Springs Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93