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
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