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5035 North Academy Boulevard

ABMAR Investments Secures $5.7 Million Refinance Loan For Union Square Shopping Center In Colorado Springs
FINANCEDRetail

ABMAR Investments Secures $5.7 Million Refinance Loan For Union Square Shopping Center In Colorado Springs

5035 North Academy Boulevard & 5069 North Academy Boulevard

$5,700,000

$82/SF

Building Size

69,347 SF

Asset Type

Retail

Closing

Aug 19, 2026

AI

Union Square Shopping Center is a retail property located at 5035-5069 North Academy Boulevard in Colorado Springs, CO, encompassing a total area of 69,347 square feet. The property recently underwent refinancing, securing a loan amount of $5,700,000.

Summary of transation details:

The refinancing loan for Union Square Shopping Center was arranged by JLL Capital Markets, which facilitated a three-year floating-rate financing agreement to support the property’s operations under the management of ABMAR Investments.

Players

Rob Bova

JLL

Broker

$398.5M

vol

13 deals

Broker
ABMAR Investments
ABMAR InvestmentsLandlord

Colorado Springs Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.78%

Cash-on-Cash

-0.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93