Alaskan investor acquires two-story retail building in downtown Castle Rock for nearly $190 per sf

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Douglas County

Property Location: 340-390 Perry St., Castle Rock

Property Description: 19,418-sf, two-story retail building, YOC 1999

Land Size: 11,021 sf

Sales Price: $3.68M, or $189.35 per sf

Reception No.: 2016052968

Closing Date: 8/8

Grantor: Castle Centerstone LLC, Timothy White, 303-688-6924, Tom Walls, & Bradley K. Brown, mgrs.

Grantee: Besherit LLC, John S. Levy, 907-561-2220, & Beth E. Rose, mgrs., 907-249-6611, Anchorage, AK 99503

Financing: $2.44M payable to Midland States Bank

Comments: APN: 2505-111-48-006. Property was listed by Nick Heir & Matt Bernstein of Hier & Company, 303-688-3105. Suite 220 contains 2,647 sf and is quoted for lease at $24 per sf, full-service gross. John S. Levy is a commercial real estate broker in Alaska.

Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or [email protected]

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