W. P. Carey & Co. Acquires School Property In Parker, CO For $48.35M
8401 South Chambers Road Parker, Colorado 80134, USA
$48,350,000
$350/SF
Building Size
138,000 SF
Asset Type
School
Closing
Jun 28, 2023
About this deal
AI
The campus of Rocky Vista University, an osteopathic medical school in Parker, Colorado, has been sold for $48.35 million to W. P. Carey & Co., a real estate investment firm. The campus is located at 8401 South Chambers Road and spans 138,000 square feet. The property was sold at a price per square foot of $350.
Summary of transation details
- Property Type: School
- Transaction Amount: $48,350,000
- Address: 8401 South Chambers Road
- Market: Parker, CO
- Square Footage: 138,000
- Price per Square Foot: $350
W. P. Carey & Co. acquired the campus from Rocky Vista University. Despite the sale, the medical school has entered into a lease agreement that allows them to continue operating on-site.
Players
Parker School Market Snapshot
Boundary boundary · School · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93