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RBR Interquest R E LLC Sells Restaurant Property At 1375 Interquest Parkway For $3.5M
SOLD
$3,500,000
+ 1
Colorado
See Similar DealsRetail5,160 SF
Sold 11/13/2024
SOLD
RBR Interquest R E LLC Sells Restaurant Property At 1375 Interquest Parkway For $3.5M
1375 Interquest Parkway
See Similar DealsRetail5,160 SF
Sold 11/13/2024
+ 1
Summary
COLORADO
Asset Type:Retail
Price Per Square Foot:$678
Total Square Footage:5,160 SF
Transaction Type:Sale
A restaurant property measuring 5,160 square feet was sold for $3.5 million. The address of the property is 1375 Interquest Parkway, located in the Colorado Springs market, with a price per square foot of $678.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,500,000
- Sale Date: 11/13/2024
- Seller: RBR Interquest R E LLC
- Buyer: Patterson Living Trust
- Brokers: Aki Palmer, Anne Spry, Cole VanMeveren & Jared Goodman - Cushman & Wakefield
The deal involved RBR Interquest R E LLC selling the aforementioned property, with representation from a team of brokers at Cushman & Wakefield, ensuring the transaction was effectively facilitated between the seller and the buyer, Patterson Living Trust.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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