Franklin Street Properties Corp Sells Office Building In Broomfield, CO For $102.5M
390 Interlocken Crescent, Broomfield, Colorado 80021, United States
$102,500,000
$212/SF
Building Size
482,000 SF
Asset Type
Office
Closing
Sep 12, 2022
About this deal
AI
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.
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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93