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Equitas Development & CAP Cincy Purchase Retail Property In Westminster For $3.3M

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SOLD
$3,300,000

Colorado

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Retail
Sold 02/19/2024
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Property Image
SOLD

Equitas Development & CAP Cincy Purchase Retail Property In Westminster For $3.3M

10128 Wadsworth Parkway

See Similar Deals
Retail
Sold 02/19/2024
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Summary

COLORADO
Asset Type:Retail
Transaction Type:Sale

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.

Players

Chris Wiedenmayer
2 deals$4.9M volume(720) 560-3430
BROKER

Details

SOLD
IMAGE: Chris Wiedenmayer DATE: 02/19/2024 ADDRESS: 10128 Wadsworth Parkway MARKET: Westminster, CO ASSET TYPE: Retail BUYER: Equitas Development LLC & CAP Cincy LLC SELLER: 10108 Wadsworth Parkway LLC BROKER: Chris Wiedenmayer - CW Real Estate Partner SALE PRICE: $3,300,000 NOTE: CW Real Estate Partners facilitated the sale of a retail property in Westminster, a Denver suburb, with Equitas Development LLC & CAP Cincy LLC purchasing the asset from 10108 Wadsworth Parkway LLC for $3.3 million.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$175,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20