Closing Details
• Closed: April 20, 2020
• Purchase Price: $6,750,000
• Financing: 52% LTV with life company
• $266 per square foot
• 7.0% cap rate
• Jeff Miller represented out of state Buyer
• Mark Hinkins at Sperry CGA referred Buyer
• Creative Office Space in Edgewood/Kirkwood
• 24,416 Square Feet on 2.05 acres
• Tenant-Big Nerd Ranch-on Modified Gross lease
• 120 Parking Spaces, 4.7:1,000 SF
• Strong demographics with 15,510 population and an
average HH income of $123K in a 1-mile radius
• Popular location near Pullman Yard, Arizona Ave Soccer
Complex, and Ration + Dram Bar
• Adjacent property under redevelopment as Townhomes