Peakview Realty Acquires Retail Property In Aurora, CO From Special Servicer LNR Partners LLC For $8.2M
2701 South Parker Road, Aurora, Colorado 80014, United States
$8,200,000
$256,250/SF
Building Size
32 SF
Asset Type
Retail
Closing
May 12, 2022
AI
A retail property located at 2701-2787 S. Parker Road in Aurora, CO has been sold for $8,200,000. The property spans an area of 32,297 square feet, resulting in a price per square foot of $254. The transaction took place on 12/05/2022. The property was acquired by Peakview Realty from the seller, Special Servicer LNR Partners LLC.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,200,000
- Address: 2701-2787 S. Parker Road, Aurora, CO
- Square Footage: 32,297
- Price per Square Foot: $254
The deal was facilitated by Jason Schmidt of JLL, representing the buyer, Peakview Realty. The seller, Special Servicer LNR Partners LLC, was assisted by their representative.
Players
Aurora Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93