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Marcus & Millichap Facilitates $3.3M Sale Of Retail Building In Colorado Springs
SOLD
$3,300,000
+ 2
Colorado
See Similar DealsRetail
Sold 12/22/2023
SOLD
Marcus & Millichap Facilitates $3.3M Sale Of Retail Building In Colorado Springs
4475 Forrest Hill Court
See Similar DealsRetail
Sold 12/22/2023
+ 2
Summary
COLORADO
Asset Type:Retail
Transaction Type:Sale
Marcus & Millichap facilitated the sale of a retail building located at 4475 Forrest Hill Court in Colorado Springs, Colorado. The developer sold the asset to an individual/personal trust for a total of $3.3 million.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,300,000
- Date: 12/22/2023
- Address: 4475 Forrest Hill Court
- Market: Colorado Springs, CO
The brokers involved in the deal were Bill Schofield, Drew Isaac, James Rassenfoss, Rich Merryman, and Ryan Wilmer, all representing Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$175,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20
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