Colorado Springs, CO – John Lutkewitte, Troy Meyer and Kevin Matthews are pleased to announce the sale of 7660 Goddard Street in Colorado Springs. The 14,819 sq. ft. office property was sold for $ 2,020,000.
John Lutkewitte, Troy Meyer and Kevin Matthews with SVN | Denver Commercial represented the Seller, Investor Exchange Services, INC as a qualified intermediary for Idyllwild LLLP, a Colorado Limited Liability Limited Partnership. Jennifer Fore and Mary Ann Fore with Homesmart Realty Group represented the Buyer.
“This was a true COVID Success Story. We were able to sell this at a pre COVID-19 market cap rate due to consistent payments and stability from tenants throughout COVID,” said John Lutkewitte. “We worked with Property Management to extend leases during COVID to make the Lender more comfortable about the deal.” This property sold just shy of the asking price.