Faris Lee Sells Thornton Town Center Retail Property In Thornton, CO For $14.4M
E 104th Ave
$14,400,000
$54/SF
Building Size
265,181 SF
Asset Type
Retail
Closing
Apr 25, 2024
AI
The retail property located at E 104th Ave in Thornton, CO, known as Thornton Town Center, was recently sold for $14.4 million. The property spans 265,181 square feet, resulting in a price per square foot of $54.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $14,400,000
- Address: E 104th Ave
- Market: Thornton, CO
- Broker: Don MacLellan - Faris Lee Investments
Faris Lee Investments facilitated the sale of Thornton Town Center to a value-add investor based in Southern California. The deal showcases the involvement of key individuals and companies, with Don MacLellan from Faris Lee Investments representing the transaction.
Northglenn 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
1.10%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93