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Pennsylvania Institutional Buyer Acquires Retail Center In Thornton CO For $6.3 Million
SOLD
$6,300,000
Colorado
See Similar DealsRetail39,244 SF
Sold 10/22/2024
SOLD
Pennsylvania Institutional Buyer Acquires Retail Center In Thornton CO For $6.3 Million
9740 Grant Street & 9760 Grant Street
See Similar DealsRetail39,244 SF
Sold 10/22/2024
Summary
COLORADO
Asset Type:Retail
Price Per Square Foot:$160
Total Square Footage:39,244 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$336,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,382.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,865.21
Annual Debt Service$358,382.57
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