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
About this deal
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.
On the Map
$14,400,000
$54/SF
Retail
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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