Peter Sengelmann Of Pinnacle Real Estate Advisors Represents Buyer In $1.4M Dove Creek Retail Sale
468 US-491 in Dove Creek
$1,400,000
$133/SF
Building Size
10,500 SF
Asset Type
Retail
Closing
Dec 23, 2024
About this deal
AI
The transaction involved a retail property located at 468 US-491 in Dove Creek, Colorado. The sale price was $1,400,000 for a total area of 10,500 square feet, resulting in a price per square foot of $133. The property is currently occupied by Family Dollar and Dollar Tree.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,400,000
- Square Footage: 10,500
- Price per Square Foot: $133
- Address: 468 US-491
- Market: Dove Creek, CO
- Broker: Peter Sengelmann - Pinnacle Real Estate Advisors
- Occupants: Family Dollar and Dollar Tree
Pinnacle Real Estate Advisors facilitated the transaction, with Peter Sengelmann representing the buyer in the sale. This closed transaction underscores the ongoing activity within the retail market in the specified area.
On the Map
$1,400,000
$133/SF
Retail
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Dove Creek 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93