Kinetic Development Sells Retail Property In Colorado Springs For $21.4M
5605 North Academy Boulevard, Colorado Springs, Colorado 80918, United States
$21,390,000
$138/SF
Building Size
155,000 SF
Asset Type
Retail
Closing
Jun 20, 2022
AI
A retail property located at 5605 North Academy Boulevard in Colorado Springs, CO has been sold. The property, owned by Kinetic Development, was listed for sale through the brokerage firm CBRE, with Parker Brown serving as the representative. The transaction took place on 06/21/2022.
Summary of transaction details
- Property Type: Retail
- Sale Price: $21,390,000
- Square Footage: 155,000
- Price per Square Foot: $138
Parker Brown from CBRE acted as the broker for Kinetic Development in the sale of this retail property in Colorado Springs.
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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93