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
About this deal
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
Longmont 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
0.16%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93