Walsprings LLC Acquires Retail Property On 350 N Union Blvd In Colorado Springs For $7,869,904
SOLD
$7,869,904
Colorado
See Similar DealsRetail15,120 SF
Sold 01/14/2022
SOLD
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
See Similar DealsRetail15,120 SF
Sold 01/14/2022
Summary
COLORADO
Asset Type:Retail
Price Per Square Foot:$520
Total Square Footage:15,120 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$419,728.20
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,960.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,307.36
Annual Debt Service$447,688.32
Is there something missing? Send suggestions