Private Investor Acquires Retail Property In Colorado Springs For $10.6M
1910 Lelaray St, Colorado Springs, CO...
$10,600,000
$552/SF
Building Size
19,187 SF
Asset Type
Retail
Closing
Nov 20, 2023
About this deal
AI
A medical retail property located at 1910 Lelaray St in Colorado Springs, Colorado was sold for $10,600,000.00. The building, constructed in 2009 and situated on 2.1 acres, encompasses a total area of 19,187 square feet. It is fully occupied by two tenants: Liberty Dialysis, a subsidiary of Fresenius, and Pikes Peak Nephrology.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,600,000.00
- Address: 1910 Lelaray St, Colorado Springs, CO
- Market: Colorado Springs
- Square Footage: 19,187
- Seller's Representatives: Matthew Mousavi - SRS Real Estate Partners, Stephen Sullivan - SRS Real Estate Partners
- Buyer: Private Investor
Stephen Sullivan, Matthew Mousavi, and Patrick Luther from SRS’ National Net Lease Group were responsible for representing the seller in this transaction involving a Colorado-based private investor and a West Coast-based investor.
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
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93