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2701 South Parker Road, Aur...

Peakview Realty Acquires Retail Property In Aurora, CO From Special Servicer LNR Partners LLC For $8.2M
SOLDRetail

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

Jason Schmidt

JLL

Broker

$193.9M

vol

12 deals

Broker
PR
Peakview RealtyBuyer
LL
LNR Partners LLCSeller

Aurora 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

1.93%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93