Certus Acquires Pyramid Pointe Office Building In Englewood For $9.9M
9777 Pyramid Court Englewood, Colorado 80112, USA
$9,900,000
$82/SF
Building Size
120,449 SF
Asset Type
Office
Closing
Jul 20, 2023
AI
Certus has acquired Pyramid Pointe, a 120,449-square-foot office building located at 9777 Pyramid Court in Englewood, Colorado. The property was purchased from Graham Street Realty for a total of $9.9 million. The transaction was facilitated by brokers Aaron Johnson and Jon Hendrickson from Cushman & Wakefield. The office building is situated in the Englewood market and offers ample space for various commercial activities.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $9,900,000
- Square Footage: 120,449
- Address: 9777 Pyramid Court, Englewood, CO
- Market: Englewood, CO
- Buyer: Certus
- Seller: Graham Street Realty
- Brokers: Aaron Johnson & Jon Hendrickson - Cushman & Wakefield
Adams Bank & Trust provided a $7.5 million acquisition loan for the purchase of Pyramid Pointe. At the time of sale, the property was 78 percent leased, with notable tenants including Envision Mechanical Engineers, Golden Triangle Construction, and DaVita. This acquisition presents a promising opportunity for Certus to expand its commercial real estate portfolio in Englewood, Colorado.
Players
Centennial 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
1.60%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93