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
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