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
About this deal
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.
On the Map
$34,000,000
$226/SF
Office
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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