Castle Rock Property Sold For $2.5M With Seller's Reps Drew Isaacson And Ian Hicks
SOLD
$2,500,000
Colorado
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SOLD
Castle Rock Property Sold For $2.5M With Seller's Reps Drew Isaacson And Ian Hicks
4995 Factory Shops BLVD, Castle Rock...
See Similar DealsRetail
Summary
COLORADO
Asset Type:Retail
Transaction Type:Sale
A restaurant building located at 4995 Factory Shops Blvd in Castle Rock has been sold. The transaction amount was $2,500,000, with the property occupied by Buffalo Wild Wings. The asset encompasses indoor and outdoor seating areas along with VIP spaces.
Summary of transaction details:
- Property Type: Restaurant
- Transaction Amount: $2,500,000.00
- Price per Square Foot: $399.46
- Address: 4995 Factory Shops Blvd, Castle Rock
- Market: Castle Rock
- Seller: Niki Castle Rock LLC
- Buyer: Undisclosed
- Seller's Representatives: Drew Isaacson (Eastdil Secured), Ian Hicks (Marcus & Millichap)
Drew Isaacson from Eastdil Secured and Ian Hicks from Marcus & Millichap represented the seller in this transaction. The sale was part of a 1031 exchange.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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