Marcus & Millichap Orchestrates $2.2M Sale Of Ent Credit Union-Occupied Property In Greeley, CO
10th Street Road
$2,200,000
Building Size
—
Asset Type
Retail
Closing
Jan 26, 2024
AI
A 15-year absolute triple-net ground lease for an Ent Credit Union-occupied property in Greeley, southeast of Fort Collins, has been sold for $2,200,000. The property, located on 10th Street Road, is a retail asset in Greeley, CO.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,200,000
- Address: 10th Street Road, Greeley, CO
- Market: Greeley, CO
- Brokers: Drew Isaac & Ian Hicks - Marcus & Millichap
Marcus & Millichap facilitated the sale of the property, acting as brokers for the transaction. Drew Isaac and Ian Hicks represented the parties involved in the deal, ensuring a successful transaction for all parties.
Players
Greeley Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93