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9740 Grant Street

Pennsylvania Institutional Buyer Acquires Retail Center In Thornton CO For $6.3 Million
SOLDRetail

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

39,244 SF

Asset Type

Retail

Closing

Oct 22, 2024

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.

Players

Justin Krieger

Pinnacle Real Estate Advisors

Broker

$30M

vol

3 deals

Broker

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