East Of Eden Enterprises LP Acquires Office Building In Colorado Springs For $7.2M
5731 North Academy Boulevard, Colorado Springs, Colorado 80918, United States
$7,200,000
$233/SF
Building Size
30,843 SF
Asset Type
Office
Closing
Sep 29, 2022
AI
The office property located at 5731-5759 N. Academy Blvd in Colorado Springs, CO has been sold in a transaction. The property spans across 30,843 square feet and was sold for a price of $7,200,000, which translates to approximately $233 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $7,200,000
- Address: 5731-5759 N. Academy Blvd, Colorado Springs, CO
- Market: Colorado Springs, CO
The buyer in this transaction is East of Eden Enterprises LP, while the seller is Silverwood Investments LP. Representing the buyer is Jae Kim from RE/MAX 100, and representing the seller is Matt Call from NavPoint Real Estate Group.
Players
Colorado Springs 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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93