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Marcus & Millichap Brokers Acquire Retail Property On 4th Street In Las Animas, CO For $1.4M
SOLD
$1,400,000
+ 1
Colorado
See Similar DealsRetail9,100 SF
Sold 06/15/2023
SOLD
Marcus & Millichap Brokers Acquire Retail Property On 4th Street In Las Animas, CO For $1.4M
305 Fourth Street
See Similar DealsRetail9,100 SF
Sold 06/15/2023
+ 1
Summary
COLORADO
Asset Type:Retail
Price Per Square Foot:$153
Total Square Footage:9,100 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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