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IV Goats LLC Acquires Office Building From Spaces Ltd For $2.4M
SOLD
$2,400,000
Colorado
See Similar DealsOffice28,200 SF
Sold 05/21/2024
SOLD
IV Goats LLC Acquires Office Building From Spaces Ltd For $2.4M
118 East Kiowa Street, 120 East Kiowa Street & 122 East Kiowa Street
See Similar DealsOffice28,200 SF
Sold 05/21/2024
Summary
COLORADO
Asset Type:Office
Price Per Square Foot:$85
Total Square Footage:28,200 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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