Marcus & Millichap Facilitates $3.3M Sale Of Retail Building In Colorado Springs
4475 Forrest Hill Court
$3,300,000
Building Size
—
Asset Type
Retail
Closing
Dec 22, 2023
About this deal
AI
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.
On the Map
$3,300,000
Retail
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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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93