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7251 West 4th Street Greele...

City Lights Church Acquires Mixed-Use Property In Greeley, CO For $5.5M
SOLDMixed-use

City Lights Church Acquires Mixed-Use Property In Greeley, CO For $5.5M

7251 West 4th Street Greeley, Colorado 80634, USA

$5,500,000

$114/SF

Building Size

48,044 SF

Asset Type

Mixed-use

Closing

Aug 15, 2023

AI

Cushman & Wakefield has facilitated the sale of a 48,044-square-foot flex commercial building at 7251 W 4th St in Greeley, Colorado. The mixed-use property, which was vacant at the time of sale, has been sold for $5.5 million. The sale price of $5.5 million translates to a price per square foot of $114.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $5,500,000
  • Square Footage: 48,044
  • Address: 7251 W 4th St, Greeley, CO
  • Market: Greeley, CO

The buyer, City Lights Church, acquired the property from Ashton Greeley Property, LLC. City Lights Church was represented by Erick Backlund from Kairos Real Estate, while Jason Ells from Cushman & Wakefield served as the seller's representative. The acquisition of this flex commercial building provides City Lights Church with a new space to meet its specific needs in Greeley.

Players

Jason Ells

Cushman & Wakefield

Broker

$6.9M

vol

2 deals

Broker
PL
Property LLCSeller

Greeley 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

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93