Urban Renaissance Group Acquires Office Property In Broomfield, CO For $34M
SOLD
$34,000,000
Colorado
See Similar DealsOffice150,000 SF
Sold 06/09/2022
SOLD
Urban Renaissance Group Acquires Office Property In Broomfield, CO For $34M
370 Interlocken Boulevard, Broomfield, Colorado 80021, United States
See Similar DealsOffice150,000 SF
Sold 06/09/2022
Summary
COLORADO
Asset Type:Office
Price Per Square Foot:$226
Total Square Footage:150,000 SF
Transaction Type:Sale
The office property located at 370 Interlocken Blvd in Broomfield, CO has been sold. The property spans 9 acres and encompasses approximately 150,000 square feet. The transaction took place on June 9, 2022.
Summary of transaction details
- Property Type: Office
- Sale Price: $34,000,000
- Price per Square Foot: $227
- Address: 370 Interlocken Blvd, Broomfield, CO
- Market: Broomfield, CO
- Buyer: Urban Renaissance Group, LLC - Pat Callahan
Urban Renaissance Group, LLC, represented by Pat Callahan, purchased the office property for a total of $34,000,000. The property offers approximately 150,000 square feet of space at a price per square foot of $227. This transaction marks a significant investment in the Broomfield, CO market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,813,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$120,794.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$161,177.35
Annual Debt Service$1,934,128.15
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