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Peter Sengelmann Of Pinnacle Real Estate Advisors Represents Buyer In $1.4M Dove Creek Retail Sale
SOLD
$1,400,000
Colorado
See Similar DealsRetail10,500 SF
Sold 12/23/2024
SOLD
Peter Sengelmann Of Pinnacle Real Estate Advisors Represents Buyer In $1.4M Dove Creek Retail Sale
468 US-491 in Dove Creek
See Similar DealsRetail10,500 SF
Sold 12/23/2024
Summary
COLORADO
Asset Type:Retail
Price Per Square Foot:$133
Total Square Footage:10,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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