Alturas Real Estate Fund Acquires Retail Property In Colorado Springs For $15.8M
3315 North Academy Boulevard, Colorado Springs, Colorado 80917, United States
$15,800,000
$124/SF
Building Size
126,471 SF
Asset Type
Retail
Closing
Jan 12, 2022
AI
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.
Players
Colorado Springs 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
1.00%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93