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777 Grant Street

Colorado Public Radio Acquires Retail Property For $8.34M On Grant Street, Denver
SOLDRetail

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

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

Clay Jones

Newmark

Broker

$8.3M

vol

1 deal

Broker

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