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609 South Pueblo Boulevard

Updated Dec 4, 2024

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

About this deal

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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Deal FAQ

About $131 per square foot on a published $1.2M for 9,100 square feet (2024).

Visit Benjamin (Ben) Farthing to view all their deals.

Browse Colorado retail sales on Traded.

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

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