Marcus & Millichap Arranged $4.06M Loan For Office Property In Colorado Springs
3505 Austin Bluffs Parkway
$4,062,500
$65/SF
Building Size
62,500 SF
Asset Type
Office
Closing
Jul 1, 2025
AI
The asset involved in this transaction is an office property located at 3505 Austin Bluffs Parkway in Colorado Springs, CO. This property spans 62,500 square feet and is part of the Colorado Springs market. A loan amount of $4,062,500 was arranged for this property.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,062,500
- Address: 3505 Austin Bluffs Parkway
- Market: Colorado Springs, CO
- Asset Size: 62,500 SF
- Broker: Garrett Fierstein - Marcus & Millichap
Marcus & Millichap Capital Corporation was responsible for arranging the loan, ensuring the funding for the office property transaction at the specified location.
Players
Colorado Springs Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.90%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93