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6809 Space Village Avenue, ...

CBRE Brokers Acquire Retail Property In Colorado Springs For $5.5M
SOLDRetail

CBRE Brokers Acquire Retail Property In Colorado Springs For $5.5M

6809 Space Village Avenue, Colorado Springs, Colorado 80915, United States

$5,500,000

$387/SF

Building Size

14,182 SF

Asset Type

Retail

Closing

Aug 16, 2022

AI

The retail property located at 6809 Space Village Ave in Colorado Springs, CO has been sold for a price of $5,500,000. The property spans a total area of 14,182 square feet, resulting in a price per square foot of $388. This transaction was facilitated by Parker Brown, Matthew Henrichs, and Brad Lyons from CBRE.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $5,500,000
  • Address: 6809 Space Village Ave, Colorado Springs, CO
  • Market: Colorado Springs, CO
  • Square Footage: 14,182
  • Price per Square Foot: $388
  • Brokers: Parker Brown, Matthew Henrichs & Brad Lyons - CBRE

Parker Brown, Matthew Henrichs, and Brad Lyons from CBRE played key roles in facilitating this transaction, representing the buyer and seller. Their expertise and negotiation skills were instrumental in the successful completion of the deal.

Players

Parker Brown

CBRE

Broker

$74.2M

vol

6 deals

Broker

Colorado Springs 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

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93