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6080 North Carefree Circle,...

CBRE Brokers Acquire Retail Property In Colorado Springs For $8.3M
SOLDRetail

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

Parker Brown

CBRE

Broker

$74.2M

vol

6 deals

Broker

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