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Marcus & Millichap Arranged $4.06M Loan For Office Property In Colorado Springs
FINANCED
$4,062,500
Colorado
See Similar DealsOffice62,500 SF
Financed 07/01/2025
FINANCED
Marcus & Millichap Arranged $4.06M Loan For Office Property In Colorado Springs
3505 Austin Bluffs Parkway
See Similar DealsOffice62,500 SF
Financed 07/01/2025
Summary
COLORADO
Asset Type:Office
Price Per Square Foot:$65
Total Square Footage:62,500 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,062,500.00
Monthly NOI$27,083.33
Monthly Debt Service$25,677.76
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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