Blue West Capital Brokers $5.1M Mixed-Use Property Sale In Colorado Springs
750 West Garden of the Gods Road
$5,100,000
$150/SF
Building Size
33,892 SF
Asset Type
Mixed-use
Closing
Oct 19, 2023
About this deal
AI
An undisclosed local 1031 exchange buyer has acquired a multi-tenant retail/flex property located at 750 West Garden of the Gods Road in Colorado Springs. The property was sold for $5.1 million in an off-market transaction. Bryce McNeely of Blue West Capital represented both the buyer and seller in this deal.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $5,100,000
- Square Footage: 33,892
- Price Per Square Foot: $150
- Address: 750 West Garden of the Gods Road, Colorado Springs, CO
- Market: Colorado Springs, CO
This transaction was successfully brokered by Bryce McNeely of Blue West Capital. The buyer and seller were represented by Bryce McNeely. The property is a multi-tenant retail/flex property situated at 750 W. Garden of the Gods Road in Colorado Springs. This off-market deal was conducted between an undisclosed local 1031 exchange buyer and the seller.
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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93