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370 Interlocken Boulevard, ...

Urban Renaissance Group Acquires Office Property In Broomfield, CO For $34M
SOLDOffice

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

Urban Renaissance Group, LLC
Urban Renaissance Group, LLCBuyer

Broomfield Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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