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Marcus & Millichap Facilitates Sale Of Restaurant Property In Aurora For $2.6M
SOLD
$2,600,000
Colorado
See Similar DealsRetail2,155 SF
Sold 02/02/2024
SOLD
Marcus & Millichap Facilitates Sale Of Restaurant Property In Aurora For $2.6M
25455 East Smoky Hill Road
See Similar DealsRetail2,155 SF
Sold 02/02/2024
Summary
COLORADO
Asset Type:Retail
Price Per Square Foot:$1,206
Total Square Footage:2,155 SF
Transaction Type:Sale
The property at 25455 East Smoky Hill Road in Aurora, CO, was a restaurant property sold in a transaction facilitated by Marcus & Millichap. The sale price for this retail asset was $2,600,000, with a size of 2,155 square feet, resulting in a price per square foot of $1,206.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $2,600,000
- Address: 25455 East Smoky Hill Road
- Market: Aurora, CO
Kyle Malnati of Kentwood Commercial represented the buyer in this transaction, while Drew Isaac & James Rassenfoss from Marcus & Millichap served as the seller's representatives. The sale involved a local all-cash investor participating in a 1031 exchange.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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