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16522 Keystone BLVD, Parker...

Armstrong Capital Development Acquires 16600 SF Property At 16522 Keystone Blvd Parker With Seller's Rep Cory Gross
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Armstrong Capital Development Acquires 16600 SF Property At 16522 Keystone Blvd Parker With Seller's Rep Cory Gross

16522 Keystone BLVD, Parker, CO, 80...

Building Size

16,600 SF

Asset Type

Retail

Closing

Nov 19, 2023

AI

The asset involved in this transaction is Parker Keystone, a retail center located at 16522 Keystone BLVD, Parker, CO. The property features a total area of 16,600 square feet and was fully leased at the time of sale. Notable tenants include Bank of America, Wingstop, Dunkin’ Donuts, and AAA Colorado. The transaction occurred in the Parker market.

Summary of transaction details:

  • Property Type: Retail Center
  • Transaction Amount: Undisclosed
  • Address: 16522 Keystone BLVD, Parker, CO
  • Market: Parker
  • Square Footage: 16,600
  • Seller's Representative: Cory Gross - Marcus & Millichap
  • Buyer: Armstrong Capital Development

The sale was executed on behalf of Armstrong Capital Development's ACD 2013 Fund LP. Cory Gross from Marcus & Millichap facilitated the transaction, representing the seller's interests effectively during the process.

Players

Cory Gross

Marcus & Millichap

Broker

$43.9M

vol

6 deals

Broker

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93