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609 South Pueblo Boulevard

Mr Blue Sky LLC Acquires Retail Property In Pueblo, CO For $1.2M
SOLDRetail

Mr Blue Sky LLC Acquires Retail Property In Pueblo, CO For $1.2M

609 South Pueblo Boulevard

$1,200,000

$131/SF

Building Size

9,100 SF

Asset Type

Retail

Closing

Jun 21, 2024

AI

The retail property located at 609 South Pueblo Boulevard in Pueblo, CO, was recently sold for $1,200,000. The property spans 9,100 square feet, resulting in a price per square foot of $132. The transaction took place on 06/21/2024 and involved Mr Blue Sky LLC as the buyer, with Benjamin Farthing & Logan Grant from CBRE representing the buyer, and David Marulli & Mitch Trevey from Trevey Commercial Real Estate representing the seller.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,200,000
  • Address: 609 South Pueblo Boulevard
  • Market: Pueblo, CO
  • Buyer: Mr Blue Sky LLC
  • Buyer's Rep: Benjamin Farthing & Logan Grant - CBRE
  • Seller's Rep: David Marulli & Mitch Trevey - Trevey Commercial Real Estate

Additionally, Marcus & Millichap facilitated a separate transaction involving a Taco John’s-occupied restaurant property near Milwaukee International Airport at 4650 S. 5th St., which was sold for $1.4 million. The specific details of this transaction were not further disclosed in the provided information.

Players

Benjamin Farthing

CBRE

Broker

$44.6M

vol

5 deals

Broker

Pueblo 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

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93