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1477 Main Street

Maverick Holdings LLC Sells Mixed-Use Property In Strasburg For $1.3M
SOLDMixed-use

Maverick Holdings LLC Sells Mixed-Use Property In Strasburg For $1.3M

1477 Main Street

$1,300,000

$166/SF

Building Size

7,793 SF

Asset Type

Mixed-use

Closing

Nov 27, 2023

AI

Trevey Commercial Real Estate facilitated the sale of a 7,793-square-foot mixed-use property located at 1477 Main Street in Strasburg, CO. The property, situated on 0.2 acres, consists of both office and retail space. The sale was completed for a total price of $1,300,000, resulting in a price per square foot of $167.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,300,000
  • Square Footage: 7,793
  • Address: 1477 Main Street, Strasburg, CO
  • Market: Strasburg, CO

The buyer of the property was Maverick Holdings LLC, represented by Matthew Trone from Cushman & Wakefield. On the other hand, the seller, Strasburg Management Group, was represented by Heath Honbarrier and Nick Beach from Trevey Commercial Real Estate.

Note that the sale of this Strasburg property demonstrates the ongoing activity and interest in the area, located approximately 30 miles east of Denver. With its diverse mix of office and retail space, this transaction further contributes to the ongoing development and growth of commercial properties in the Strasburg market.

Players

Matthew Trone

Cushman & Wakefield

Broker

$43M

vol

4 deals

Broker

Strasburg 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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93