Kinetic Development Sells Retail Property In Colorado Springs For $21.4M
SOLD
$21,390,000
Colorado
See Similar DealsRetail155,000 SF
Sold 06/21/2022
SOLD
Kinetic Development Sells Retail Property In Colorado Springs For $21.4M
5605 North Academy Boulevard, Colorado Springs, Colorado 80918, United States
See Similar DealsRetail155,000 SF
Sold 06/21/2022
Summary
COLORADO
Asset Type:Retail
Price Per Square Foot:$138
Total Square Footage:155,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,140,799.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$75,994.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$101,399.51
Annual Debt Service$1,216,794.15
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