CBRE Brokers Acquire Retail Property In Colorado Springs For $8.3M
6080 North Carefree Circle, Colorado Springs, Colorado 80922, United States
$8,300,000
$205/SF
Building Size
40,331 SF
Asset Type
Retail
Closing
Aug 16, 2022
AI
6010-6080 N Carefree Cir, located in Colorado Springs, CO, was recently sold in a retail transaction. The property spans 40,331 square feet and was sold for a price of $8,300,000, resulting in a price per square foot of $206.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,300,000
- SF: 40,331
- PPSF: $206
- Market: Colorado Springs, CO
The transaction was facilitated by CBRE, with the representation of Park Brown, Matthew Henrichs, and Brad Lyons. They played a crucial role in the successful completion of the deal.
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
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93