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
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