CBRE Arranges $12.9M Acquisition Loan For Retail Property In Fountain
6859 Mesa Ridge Parkway & 6925 Mesa Ridge Parkway
$12,900,000
$220/SF
Building Size
29,309 SF
Asset Type
Retail
Closing
Feb 19, 2024
About this deal
AI
The Shops at Mesa Ridge, a retail property located at 6859-6925 Mesa Ridge Parkway in Fountain, CO, was acquired for $12,900,000 through a loan facilitated by CBRE. The property spans 29,309 square feet and is situated in the Fountain market of Colorado Springs.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,900,000
- Brokers: Chris Martin, Gary Stache, Gerard Poutier & Mark Shaffer - CBRE
CBRE played a crucial role in the acquisition of The Shops at Mesa Ridge. The deal was spearheaded by brokers Chris Martin, Gary Stache, Gerard Poutier, and Mark Shaffer, showcasing their expertise in the retail property market of Fountain, CO.
On the Map
$12,900,000
$220/SF
Retail
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Players
Fountain 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
1.23%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93