Journey Church Colorado Purchases Retail Building In Parker For $5.5 Million With Kin Commercial As Buyer's Rep
12810 Stroh Ranch Court
$5,500,000
$269/SF
Building Size
20,375 SF
Asset Type
Retail
Closing
May 12, 2025
About this deal
AI
A retail building located at 12810 Stroh Ranch Court in Parker, CO was sold for $5.5 million. The asset spans 20,375 square feet, equating to a price per square foot of $270.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,500,000
- Address: 12810 Stroh Ranch Court
- Market: Parker, CO
- Square Footage: 20,375
- Price per Square Foot: $270
- Buyer: Journey Church Colorado
- Seller: AKM Family LLP
- Buyer's Representative: Katie Hummer & Tom Omdal - Kin Commercial
- Seller's Representative: David Marulli, Mitch Trevey & Tommy Daher - Trevey Commercial Real Estate
Journey Church Colorado acquired the property through its representatives, Katie Hummer and Tom Omdal from Kin Commercial. The seller, AKM Family LLP, was represented by David Marulli, Mitch Trevey, and Tommy Daher from Trevey Commercial Real Estate.
On the Map
$5,500,000
$269/SF
Retail
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Players
Parker 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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93