Single-Tenant Retail Absolute NNN Thornton, CO

Details

  • Price: $8,327,000
  • Cap Rate: 5.40%
  • Cost per SF: $2056.05
  • Year Built: 2023
  • Square Footage: ยฑ 4,050
  • Lot Size: ยฑ 52,707 SF
  • Transaction Type: Sold/Closed

๐—ฆ๐˜๐—ฟ๐—ฒ๐—ป๐—ด๐˜๐—ต ๐—œ๐—ป ๐—จ๐—ป๐—ถ๐˜๐˜†

๐—๐˜‚๐˜€๐˜ ๐—–๐—น๐—ผ๐˜€๐—ฒ๐—ฑ: ๐Ÿฑ๐Ÿฎ ๐—ช. ๐Ÿด๐Ÿฐ๐˜๐—ต ๐—ฆ๐˜. | ๐—ง๐—ต๐—ผ๐—ฟ๐—ป๐˜๐—ผ๐—ป, ๐—–๐—ข | ๐Ÿณ-๐—˜๐—น๐—ฒ๐˜ƒ๐—ฒ๐—ป ๐—š๐—ฎ๐˜€ ๐—ฆ๐˜๐—ฎ๐˜๐—ถ๐—ผ๐—ป & ๐—–-๐—ฆ๐˜๐—ผ๐—ฟ๐—ฒ

๐—•๐—ฟ๐—ผ๐—ธ๐—ฒ๐—ฟ๐—ฎ๐—ด๐—ฒ: Equity Union

๐—ง๐—ฒ๐—ฎ๐—บ: Lucrum Real Estate Group

๐—”๐—ด๐—ฒ๐—ป๐˜๐˜€: Raymond A. Rodriguez |ย Matt Freedman

๐—–๐—น๐—ถ๐—ฒ๐—ป๐˜: Buyer | Long-Term Client

We are thrilled to announce the successful closing of a single-tenant absolute NNN property at 52 W. 84th St., Thornton, CO. This accomplishment closes our client’s 1031 Exchange. Matt Freedman and Ray Rodriguez served as the Buyer’s advisors.

๐—›๐—ถ๐—ด๐—ต๐—น๐—ถ๐—ด๐—ต๐˜๐˜€:

+ 7-Eleven corporate gas station & C-store
+ 15-year Absolute NNN, (4) 5-Year options
+ Closed escrow at 5.40% cap rate
+ Represented long-term client in fulfilling their 1031 Exchange
+ Secured attractive financing at 6.87% I.O.
+ Located minutes outside of Denver MSA off of I-25

๐—–๐—ต๐—ฎ๐—น๐—น๐—ฒ๐—ป๐—ด๐—ฒ:

The seller, a local developer, sought to sell the property after completion. However, the deal faced several setbacks as Buyers and their agents struggled to navigate its complexities, causing it to fall out of escrow multiple times. Additionally, the available cash on hand was insufficient to satisfy the 1031 exchange, requiring several property refinances to secure the necessary funds. Limited financials made it challenging to provide lenders, leading to a stated income loan. Moreover, Buyer financing criteria demanded low interest-only debt with zero prepayment, which narrowed the pool of available lenders.

๐—ฆ๐—ผ๐—น๐˜‚๐˜๐—ถ๐—ผ๐—ป:

Understanding the property’s complexities, Lucrum knew that a customized approach was key to achieving success. We brought together a team of experienced attorneys and lenders who specialize in oil and gas properties and out-of-state acquisitions. This expertise was crucial in addressing the multifaceted nature of the deal.

Our team and the listing agent worked thoroughly to break down the complexities, ensuring that every detail was successfully managed. By leveraging our expertise and resources, we created a comprehensive plan that addresses the Buyer’s financing needs while navigating the Seller’s expectations.

๐—ฅ๐—ฒ๐˜€๐˜‚๐—น๐˜๐˜€:

The successful closing of this property was a win-win for all parties involved. By directly addressing the unique challenges, we helped our Buyer achieve their goals for a 1031 exchange and close the transaction

Our team of commercial real estate experts not only expedited the process but also turned this complex deal into a successful sale. By working closely with the listing agent, our dedicated team effectively managed the challenges of the deal, fostering strong relationships that will benefit future transactions.

We understand that navigating a 1031 exchange can be challenging. Thatโ€™s why our team of trusted commercial real estate experts is dedicated to managing every detail with care. We take a strategic approach, turning challenges into opportunities and guiding you toward the right property to achieve your goals every step of the way.

๐——๐—ผ ๐—ฌ๐—ผ๐˜‚ ๐—ก๐—ฒ๐—ฒ๐—ฑ ๐—›๐—ฒ๐—น๐—ฝ ๐˜„๐—ถ๐˜๐—ต ๐—ฌ๐—ผ๐˜‚๐—ฟ ๐Ÿญ๐Ÿฌ๐Ÿฏ๐Ÿญ ๐—˜๐˜…๐—ฐ๐—ต๐—ฎ๐—ป๐—ด๐—ฒ?

In a process involving multiple transactions and strict timelines, completing a 1031 exchange could be a stressful experience. You deserve a personalized strategy, a clear action plan, and quality properties to satisfy your exchange.

๐—š๐—ฒ๐˜ ๐—”๐—ต๐—ฒ๐—ฎ๐—ฑ ๐—ผ๐—ณ ๐—ฃ๐—ผ๐˜๐—ฒ๐—ป๐˜๐—ถ๐—ฎ๐—น ๐—œ๐˜€๐˜€๐˜‚๐—ฒ๐˜€ ๐—ง๐—ผ๐—ฑ๐—ฎ๐˜† ๐˜๐—ผ ๐—”๐˜ƒ๐—ผ๐—ถ๐—ฑ ๐—›๐—ฒ๐—ฎ๐—ฑ๐—ฎ๐—ฐ๐—ต๐—ฒ๐˜€ ๐—Ÿ๐—ฎ๐˜๐—ฒ๐—ฟ

Contact us today! Weโ€™ll help you structure the best plan.

๐—น๐˜‚๐—ฐ๐—ฟ๐˜‚๐—บ๐—ฟ๐—ฒ.๐—ฐ๐—ผ๐—บ

Sales Team

Raymond A. Rodriguez IV

Founding PartnerMultifamily Investment Sales
866.582.7865 ray@lucrumre.com CA License: 01402283 Download Bio

Matt Freedman

PartnerCommercial Real Estate Sales
818.585.6888 matt@lucrumre.com CA License: 01487954 Download Bio

Sales Team

Raymond A. Rodriguez IV

Founding PartnerMultifamily Investment Sales
866.582.7865 ray@lucrumre.com CA License: 01402283 Download Bio

Matt Freedman

PartnerCommercial Real Estate Sales
818.585.6888 matt@lucrumre.com CA License: 01487954 Download Bio

Details

  • Price: $8,327,000
  • Cap Rate: 5.40%
  • Cost per SF: $2056.05
  • Year Built: 2023
  • Square Footage: ยฑ 4,050
  • Lot Size: ยฑ 52,707 SF
  • Transaction Type: Sold/Closed

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