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3505 Austin Bluffs Parkway

Marcus & Millichap Arranged $4.06M Loan For Office Property In Colorado Springs
FINANCEDOffice

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

Garrett Fierstein

Marcus & Millichap

Broker

$126.6M

vol

21 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

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