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6859 Mesa Ridge Parkway

CBRE Arranges $12.9M Acquisition Loan For Retail Property In Fountain
FINANCEDRetail

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

58,618 SF

Asset Type

Retail

Closing

Feb 19, 2024

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:

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.

Players

Chris Martin

CBRE

Broker

$64.7M

vol

3 deals

Broker

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