Pennsylvania Institutional Buyer Acquires Retail Center In Thornton CO For $6.3 Million
9740 Grant Street & 9760 Grant Street
$6,300,000
$160/SF
Building Size
19,622 SF
Asset Type
Retail
Closing
Oct 22, 2024
About this deal
AI
The property asset involved in this transaction is a retail center located at 9740-9760 Grant Street in Thornton, CO. The retail center has a total square footage of 19,622 and was sold for $6,300,000, resulting in a price per square foot of $321.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,300,000
- Square Footage: 19,622
- Address: 9740-9760 Grant Street
- Market: Thornton, CO
- PPSF: $321
- Broker: Justin Krieger - Pinnacle Real Estate Advisors
- Seller: Colorado-based investor
- Buyer: Pennsylvania-based institutional buyer
Pinnacle Real Estate Advisors facilitated the sale of the Shops at Highpointe Park, with Justin Krieger representing both the seller and the buyer in this transaction.
Thornton 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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93