Equitas Development & CAP Cincy Purchase Retail Property In Westminster For $3.3M
10128 Wadsworth Parkway
$3,300,000
Building Size
—
Asset Type
Retail
Closing
Feb 19, 2024
About this deal
AI
The retail property located at 10128 Wadsworth Parkway in Westminster, CO was sold for $3.3 million. The buyers, Equitas Development LLC & CAP Cincy LLC, acquired the asset from the seller, 10108 Wadsworth Parkway LLC. The transaction was facilitated by broker Chris Wiedenmayer from CW Real Estate Partner.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,300,000
- Address: 10128 Wadsworth Parkway
- Market: Westminster, CO
- Buyer: Equitas Development LLC & CAP Cincy LLC
- Seller: 10108 Wadsworth Parkway LLC
- Broker: Chris Wiedenmayer - CW Real Estate Partner
CW Real Estate Partners played a crucial role in the successful sale of the retail property in Westminster. The buyers, Equitas Development LLC & CAP Cincy LLC, seized the opportunity to acquire the asset from the seller, 10108 Wadsworth Parkway LLC, for the stated amount. The broker involved in the transaction, Chris Wiedenmayer of CW Real Estate Partner, ensured a smooth process for all parties involved.
Broomfield Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93