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NorthPeak Commercial Advisors Facilitates $4.8M Retail Sale In Colorado Springs, CO

Property Image
SOLD
$4,800,000
Matt Lewallen
Kevin Calame

Colorado

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Retail10 SF
Sold 01/12/2023
the dealplayerscompscontact
Property Image
SOLD

NorthPeak Commercial Advisors Facilitates $4.8M Retail Sale In Colorado Springs, CO

7858 Woodmen Center Hts, Colorado Springs, Colorado 80908, United States

See Similar Deals
Retail10 SF
Sold 01/12/2023
Matt Lewallen
Kevin Calame
the dealplayerscompscontact
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Summary

COLORADO
Asset Type:Retail
Price Per Square Foot:$480,000
Total Square Footage:10 SF
Transaction Type:Sale

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

Kevin Calame
NorthPeak Commercial Advisors
Kevin Calame
12 deals$77.4M volume
BROKER
Matt Lewallen
NorthPeak Commercial Advisors
Matt Lewallen
12 deals$77.4M volume
BROKER

Details

SOLD
IMAGE: Kevin Calame & Matt Lewallen DATE: 01/12/2023 ADDRESS: 7858 & 7946-8012 Woodmen Center Heights MARKET: Colorado Springs, CO ASSET TYPE: Retail BROKERS: Kevin Calame & Matt Lewallen - NorthPeak Commercial Advisors SALE PRICE: $4,800,000 SF: 10,000 ~ PPSF: $480

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$256,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39