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9777 Pyramid Court Englewoo...

Certus Acquires Pyramid Pointe Office Building In Englewood For $9.9M
SOLDOffice

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:

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

Aaron Johnson

Cushman & Wakefield

Broker

$199M

vol

11 deals

Broker
GR
Graham Street RealtySeller
AT
Adams Bank & TrustLender

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