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Journey Church Colorado Purchases Retail Building In Parker For $5.5 Million With Kin Commercial As Buyer's Rep
SOLD
Colorado
See Similar DealsRetail20,375 SF
Sold 05/12/2025
SOLD
Journey Church Colorado Purchases Retail Building In Parker For $5.5 Million With Kin Commercial As Buyer's Rep
12810 Stroh Ranch Court
See Similar DealsRetail20,375 SF
Sold 05/12/2025
Summary
COLORADO
Asset Type:Retail
Price Per Square Foot:$269
Total Square Footage:20,375 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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