Alturas Real Estate Fund Acquires Retail Property In Colorado Springs For $15.8M
SOLD
$15,800,000
Colorado
See Similar DealsRetail126,471 SF
Sold 01/13/2022
SOLD
Alturas Real Estate Fund Acquires Retail Property In Colorado Springs For $15.8M
3315 North Academy Boulevard, Colorado Springs, Colorado 80917, United States
See Similar DealsRetail126,471 SF
Sold 01/13/2022
Summary
COLORADO
Asset Type:Retail
Price Per Square Foot:$124
Total Square Footage:126,471 SF
Transaction Type:Sale
The retail property located at 3315 N Academy Blvd in Colorado Springs, CO has been sold in a transaction. The property spans a total area of 126,471 square feet and was sold for a price of $15,800,000, resulting in a price per unit (PPU) of $124.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $15,800,000
- Square Footage: 126,471 sqft
- Address: 3315 N Academy Blvd, Colorado Springs, CO
- Market: Colorado Springs, CO
The buyer of the property was Alturas Real Estate Fund, while the seller was DCP Carefree. The deal was facilitated by Matt Call & Collin Tedesco of NavPoint Real Estate Group, who acted as brokers in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$842,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,134.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$74,900.06
Annual Debt Service$898,800.73
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