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4578 Centerplace Dr, Greele...

Slate Grocery REIT Acquires Property At 4578 Centerplace Dr In Greeley With Drew Isaacson As Seller's Rep
SOLDOther

Slate Grocery REIT Acquires Property At 4578 Centerplace Dr In Greeley With Drew Isaacson As Seller's Rep

4578 Centerplace Dr, Greeley, CO, 80...

Building Size

152,000 SF

Asset Type

Other

Closing

Nov 19, 2023

AI

The transaction involved the sale of Centerplace of Greeley, a shopping center located at 4578 Centerplace Dr, Greeley, CO, with a total area of 152,000 square feet. The property is situated in the Greeley market and features a variety of tenants including Safeway, Ross Dress for Less, Famous Footwear, Buckle, Bath & Body Works, Cold Stone Creamery, Bank of America, Sally Beauty, Tokyo Joe’s, and Heartland Dental.

Summary of transation details:

Ryan Bowlby and Drew Isaacson of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller in the deal and also procured the buyer, Slate Grocery REIT, marking a significant transaction in the local real estate market.

Players

Drew Isaacson

JLL

Broker

$7.6B

vol

24 deals

Broker
SR
Slate Grocery REITBuyer

Greeley Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93