Franklin Street Properties Corp Sells Office Building In Broomfield, CO For $102.5M
SOLD
$102,500,000
Colorado
See Similar DealsOffice482,000 SF
Sold 09/13/2022
SOLD
Franklin Street Properties Corp Sells Office Building In Broomfield, CO For $102.5M
390 Interlocken Crescent, Broomfield, Colorado 80021, United States
See Similar DealsOffice482,000 SF
Sold 09/13/2022
Summary
COLORADO
Asset Type:Office
Price Per Square Foot:$212
Total Square Footage:482,000 SF
Transaction Type:Sale
The office property located at 380 & 390 Interlocken Crescent in Broomfield, CO has been sold. The property spans approximately 482,000 square feet and was sold for a price of $102,500,000. This translates to a price per square foot of $213.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $102,500,000
- Address: 380 & 390 Interlocken Crescent, Broomfield, CO
- Market: Broomfield, CO
- Seller: Franklin Street Properties Corp
The sale of this office property was facilitated by Franklin Street Properties Corp. They represented the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,466,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$364,160.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$485,902.29
Annual Debt Service$5,830,827.52
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