Walsprings LLC Acquires Retail Property On 350 N Union Blvd In Colorado Springs For $7,869,904
350 North Union Boulevard, Colorado Springs, Colorado 80909, United States
$7,869,904
$520/SF
Building Size
15,120 SF
Asset Type
Retail
Closing
Jan 13, 2022
AI
The retail property located at 350 N Union Blvd in Colorado Springs, CO has been sold in a recent transaction. The property spans across approximately 15,120 square feet with a price per square foot of $520. The sale price for the property was $7,869,904, slightly below the asking price of $7,996,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,869,904
- Address: 350 N Union Blvd, Colorado Springs, CO
- Market: Colorado Springs, CO
Walsprings LLC has acquired the property from ACV Watkins LLC in this transaction. The deal was facilitated by Marcus & Millichap, with Timothy Nichols and Mark Ruble acting as the brokers representing the buyer and seller respectively.
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
2.02%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93