Sidford Capital Acquires Colorado Shopping Centers For $11.2M With Buyer's Rep Drew Isaac & Ryan Bowlby
1865 West Mississippi Avenue, 1935 West Mississippi Avenue, 131 West County Line Road, 151 West County Line Road, 201 West County Line Road & 215 West County Line Road
$11,200,000
$16/SF
Building Size
666,852 SF
Asset Type
Retail
Closing
Jan 29, 2024
AI
Sidford Capital has acquired two Colorado shopping centers, totaling 111,142 square feet, for $11.2 million from a Southern California-based private investor. The properties are located at 1865-1935 West Mississippi Avenue, 131-151 West County Line Road, and 201-215 West County Line Road in Denver and Littleton, CO. The retail assets were sold at a price of $101 per square foot.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $11,200,000
- Square Footage: 111,142
- Address: 1865-1935 West Mississippi Avenue, 131-151 West County Line Road & 201-215 West County Line Road, Denver & Littleton, CO
- Market: Denver & Littleton, CO
Drew Isaac & Ryan Bowlby from Marcus & Millichap represented Sidford Capital as the brokers in this transaction.
Players
Denver 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
1.42%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93