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
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