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Colorado Public Radio Acquires Retail Property For $8.34M On Grant Street, Denver
SOLD
Colorado
See Similar DealsRetail72,000 SF
Sold 08/30/2023
SOLD
Colorado Public Radio Acquires Retail Property For $8.34M On Grant Street, Denver
777 Grant Street
See Similar DealsRetail72,000 SF
Sold 08/30/2023
Summary
COLORADO
Asset Type:Retail
Price Per Square Foot:$115
Total Square Footage:72,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$444,799.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,630.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,535.85
Annual Debt Service$474,430.26
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