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E 104th Ave

Faris Lee Sells Thornton Town Center Retail Property In Thornton, CO For $14.4M
SOLDRetail

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:

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.

Players

Don MacLellan

Faris Lee Investments

Broker

$256.5M

vol

15 deals

Broker

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