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DoubleBay Partners & Midloch Investment Partners Sell Retail Property In Longmont For $13.9M

Property Image
SOLD
$13,900,000
Mark Thiel
Cory Gross

Colorado

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Retail56,000 SF
Sold 01/13/2026
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Property Image
SOLD

DoubleBay Partners & Midloch Investment Partners Sell Retail Property In Longmont For $13.9M

1630 Pace Street

See Similar Deals
Retail56,000 SF
Sold 01/13/2026
Mark Thiel
Cory Gross
the dealplayerscompscontact
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Summary

COLORADO
Asset Type:Retail
Price Per Square Foot:$248
Total Square Footage:56,000 SF
Transaction Type:Sale

A retail property located at 1630 Pace Street in Longmont, CO, was sold for $13.9 million. The property has a total area of 56,000 square feet and was sold at a price per square foot of $248.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $13,900,000
  • Address: 1630 Pace Street
  • Market: Longmont, CO
  • Square Footage: 56,000
  • Price Per Square Foot: $248
  • Buyer: DoubleBay Partners & Midloch Investment Partners
  • Tenant: VASA Fitness
  • Brokers: Mark Thiel & Cory Gross - Marcus & Millichap

Mark Thiel and Cory Gross from Marcus & Millichap represented the transaction. The buyer was not disclosed in the details provided.

Players

Mark Thiel
Marcus & Millichap
Mark Thiel
9 deals$86.2M volume
BROKER
Cory Gross
Marcus & Millichap
Cory Gross
6 deals$43.9M volume(303) 328-2019
BROKER
Midloch Investment Partners
Midloch Investment Partners
SELLER

Details

SOLD
IMAGE: 01/13/2026 ADDRESS: 1630 Pace Street MARKET: Longmont, CO ASSET TYPE: Retail SELLER: Midloch Investment Partners & DoubleBay Partners BROKERS: Mark Thiel & Cory Gross - Marcus & Millichap SALE PRICE: $13,900,000 SF: 56,000 ~ PPSF: $248 NOTE: DoubleBay Partners and Midloch Investment Partners sold a 56,000-square-foot retail property at 1630 Pace Street in Longmont for $13.9 million. Marcus & Millichap’s Mark Thiel and Cory Gross brokered the deal; the buyer was not disclosed, and VASA Fitness is the tenant.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$741,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$49,383.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$65,893.09
Annual Debt Service$790,717.10