Colorado Public Radio Acquires Retail Property For $8.34M On Grant Street, Denver
777 Grant Street
$8,340,000
$115/SF
Building Size
72,000 SF
Asset Type
Retail
Closing
Aug 30, 2023
AI
Colorado Public Radio (CPR) has acquired a new headquarters at 777 N. Grant St. in Capitol Hill, Denver, for $8.34 million. The retail property spans 72,000 square feet, with a price per square foot of $116.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,340,000
- Address: 777 Grant Street, Denver, CO
- Market: Denver, CO
- Buyer: Colorado Public Radio
- Brokers: Clay Jones, Sean Whitney & Victor Frandsen - Newmark
The deal was facilitated by brokers Clay Jones, Sean Whitney, and Victor Frandsen from Newmark, who ensured a successful transaction between Colorado Public Radio and the seller. This acquisition will serve as CPR's new headquarters, providing them with a prominent location in Capitol Hill, Denver.
Players
Big 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
1.90%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93