Fort Collins Property Sold For $3.3M With Buyer's Rep Undisclosed And Seller's Reps Kevin Calame And Matt Lewallen
SOLD
$3,300,000
Colorado
See Similar DealsOffice19,323 SF
SOLD
Fort Collins Property Sold For $3.3M With Buyer's Rep Undisclosed And Seller's Reps Kevin Calame And Matt Lewallen
3555 Stanford Rd, Fort Collins, CO, 80...
See Similar DealsOffice19,323 SF
Summary
COLORADO
Asset Type:Office
Price Per Square Foot:$170
Total Square Footage:19,323 SF
Transaction Type:Sale
An office building located at 3555 Stanford Road in Fort Collins has been sold for $3.3 million. The property encompasses 19,323 square feet and includes 13 office suites, trading at a price of $171 per square foot in the Fort Collins market.
Summary of transaction details:
- Property Type: Office Building
- Transaction Amount: $3,300,000.00
- Address: 3555 Stanford Rd, Fort Collins, CO
- Market: Fort Collins
- Square Footage: 19,323
- Seller's Representatives: Kevin Calame - NorthPeak Commercial Advisors, Matt Lewallen - NorthPeak Commercial Advisors
- Buyer: Undisclosed
Kevin Calame and Matt Lewallen from NorthPeak Commercial Advisors represented the undisclosed seller in this transaction. The identity of the buyer remains unreleased.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$175,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20
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