Urban Renaissance Group Acquires Office Property In Broomfield, CO For $34M
370 Interlocken Boulevard, Broomfield, Colorado 80021, United States
$34,000,000
$226/SF
Building Size
150,000 SF
Asset Type
Office
Closing
Jun 8, 2022
AI
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.
Players
Broomfield Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93