IV Goats LLC Acquires Office Building From Spaces Ltd For $2.4M
118 East Kiowa Street, 120 East Kiowa Street & 122 East Kiowa Street
$2,400,000
$85/SF
Building Size
9,400 SF
Asset Type
Office
Closing
May 21, 2024
About this deal
AI
An office space spanning 9,400 square feet located at 118, 120, and 122 East Kiowa Street in Colorado Springs has been sold for $2.4 million. The transaction was facilitated by Quantum Commercial Group, with Spaces Ltd. as the seller and IV Goats LLC as the buyer. The property was acquired at a price of approximately $255 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,400,000
- Buyer: IV Goats LLC
- Seller: Spaces Ltd
- Broker: Andrew Oyler - Quantum Commercial Group
- Address: 118, 120 & 122 East Kiowa Street, Colorado Springs, CO
Andrew Oyler from Quantum Commercial Group played a crucial role in managing the transaction between Spaces Ltd. and IV Goats LLC, ensuring a successful deal for the 9,400-square-foot office space in Colorado Springs.
On the Map
$2,400,000
$85/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93