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
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