facebook

traded

+ Submit
Home

/

Deals

/

Colorado

/

Office

/

Sale

/

389 Disc Drive Longmont, Co...

Conscience Bay Co Acquires Seagate Technology Campus In Longmont, CO For $101.5M
SOLDOffice

Conscience Bay Co Acquires Seagate Technology Campus In Longmont, CO For $101.5M

389 Disc Drive Longmont, Colorado 80503, USA

$101,500,000

$192/SF

Building Size

528,000 SF

Asset Type

Office

Closing

Jul 12, 2023

AI

Conscience Bay Co has acquired the Seagate Technology Campus in Longmont, Colorado for $101.5 million. The office property, located at 389 Disc Drive, spans a total area of 528,000 square feet. The transaction was completed at a rate of $192.23 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $101,500,000
  • Address: 389 Disc Drive, Longmont, CO
  • Market: Longmont, CO
  • Square Footage: 528,000
  • Price Per Square Foot: $192

This acquisition was facilitated by Conscience Bay Co and financed by Essex Financial Group. Conscience Bay Co purchased the Seagate Technology Campus from an undisclosed seller in this transaction. The deal represents a significant investment in Longmont, Colorado's office real estate market.

Players

EG
Essex Financial GroupLender

Longmont 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

0.16%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93