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
Las Animas 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93