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

Property Image
SOLD
$1,200,000
David Marulli
Mitch Trevey
+ 1

Colorado

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Retail9,100 SF
Sold 06/21/2024
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Property Image
SOLD

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

609 South Pueblo Boulevard

See Similar Deals
Retail9,100 SF
Sold 06/21/2024
David Marulli
Mitch Trevey
+ 1
Contact now

Summary

COLORADO
Asset Type:Retail
Price Per Square Foot:$131
Total Square Footage:9,100 SF
Transaction Type:Sale

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 (Ben) Farthing
5 deals$44.6M volume(602) 735-5541
BROKER

David Marulli
Trevey Commercial Real Estate
2 deals$6.7M volume(720) 298-2840
BROKER

Mitch Trevey
Trevey Commercial Real Estate
2 deals$6.7M volume(303) 619-7192
BROKER

Logan Grant
CBRE
1 deal$1.2M volume(925) 784-4754
BROKER

Details

SOLD
IMAGE: 06/21/2024 ADDRESS: 609 South Pueblo Boulevard MARKET: Pueblo, CO ASSET TYPE: Retail BUYER: Mr Blue Sky LLC BUYER'S REP: Benjamin Farthing & Logan Grant - CBRE SELLER'S REP: David Marulli & Mitch Trevey - Trevey Commercial Real Estate BROKER: SALE PRICE: $1,200,000 SF: 9,100 ~ PPSF: $132 NOTE: Marcus & Millichap facilitated the $1.4 million sale of a Taco John’s-occupied restaurant property near Milwaukee International Airport at 4650 S. 5th St.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35