RBR Interquest R E LLC Sells Restaurant Property At 1375 Interquest Parkway For $3.5M
1375 Interquest Parkway
$3,500,000
$678/SF
Building Size
5,160 SF
Asset Type
Retail
Closing
Nov 13, 2024
AI
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.
Players
Colorado Springs 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93