NorthPeak Commercial Advisors Facilitates $4.8M Retail Sale In Colorado Springs, CO
7858 Woodmen Center Hts, Colorado Springs, Colorado 80908, United States
$4,800,000
$480,000/SF
Building Size
10 SF
Asset Type
Retail
Closing
Jan 11, 2023
About this deal
AI
The retail property located at 7858 & 7946-8012 Woodmen Center Heights in Colorado Springs, CO has recently been sold. The transaction was facilitated by Kevin Calame and Matt Lewallen of NorthPeak Commercial Advisors. The property was sold for a price of $4,800,000, with a total area of 10,000 square feet. The price per square foot was calculated at $480.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,800,000
- Address: 7858 & 7946-8012 Woodmen Center Heights, Colorado Springs, CO
- Market: Colorado Springs, CO
- Brokers: Kevin Calame & Matt Lewallen - NorthPeak Commercial Advisors
- Square Footage: 10,000 sq ft
- Price Per Square Foot: $480
The involvement of Kevin Calame and Matt Lewallen from NorthPeak Commercial Advisors played a key role in the successful completion of this transaction. Their expertise and representation ensured a smooth process for all parties involved.
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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93