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305 Fourth Street

Marcus & Millichap Brokers Acquire Retail Property On 4th Street In Las Animas, CO For $1.4M
SOLDRetail

Marcus & Millichap Brokers Acquire Retail Property On 4th Street In Las Animas, CO For $1.4M

305 Fourth Street

$1,400,000

$153/SF

Building Size

9,100 SF

Asset Type

Retail

Closing

Jun 15, 2023

AI

A retail property located at 305 4th Street in Las Animas, CO was recently sold in a transaction. The property spans 9,100 square feet and was sold for a price of $1,400,000, resulting in a price per square foot of $154.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $1,400,000
  • Square Footage: 9,100
  • Price per Square Foot: $154
  • Market: Las Animas, CO

The sale of this retail property was facilitated by the brokers Drew Isaac, James Rassenfoss, Andrew Stephens, and Brian Haggar from Marcus & Millichap.

Players

Drew Isaac

Marcus & Millichap

Broker

$93.3M

vol

10 deals

Broker

Las Animas 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

11.33%

Cash-on-Cash

-3.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93