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6802 South Yosemite Street

Arapahoe RHSW LLC Acquires Southgate Shopping Center In Centennial For $7.7M
SOLDRetail

Arapahoe RHSW LLC Acquires Southgate Shopping Center In Centennial For $7.7M

6802 South Yosemite Street

$7,700,000

$256/SF

Building Size

30,024 SF

Asset Type

Retail

Closing

May 14, 2024

AI

The Southgate Shopping Center, a retail property located at 6802 South Yosemite Street in Centennial, CO, was sold for $7.7 million. The property spans 30,024 square feet and was 83 percent leased at the time of the transaction.

Summary of transaction details:

Copper2 LLC, the seller of the Southgate Shopping Center in Centennial, Denver suburb, was represented by Cushman & Wakefield during the transaction. Arapahoe RHSW LLC emerged as the buyer in this $7.7 million deal.

Players

Aaron Johnson

Cushman & Wakefield

Broker

$199M

vol

11 deals

Broker

Centennial 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

2.06%

Cash-on-Cash

-0.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93