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:
- Property Type: Retail
- Transaction Amount: $5,700,000
- Loan Type: Refinance
- Loan Date: 08/19/2026
- Landlord: ABMAR Investments
- Brokers: Andrew Deaver, Rob Bova & Tom Gilliland - JLL
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
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