East Of Eden Enterprises LP Acquires Office Building In Colorado Springs For $7.2M
SOLD
$7,200,000
Colorado
See Similar DealsOffice30,843 SF
Sold 09/30/2022
SOLD
East Of Eden Enterprises LP Acquires Office Building In Colorado Springs For $7.2M
5731 North Academy Boulevard, Colorado Springs, Colorado 80918, United States
See Similar DealsOffice30,843 SF
Sold 09/30/2022
Summary
COLORADO
Asset Type:Office
Price Per Square Foot:$233
Total Square Footage:30,843 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$384,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,580.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,131.67
Annual Debt Service$409,580.08
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