Aurora investor pays $5.16M for retail center in Promenade at Castle Rock

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Douglas County

Property Location: 1345 New Beale St., Castle Rock

Property Description: 8,188-sf retail center, YOC 2016, masonry

Land Size: 1.46 acres

Sales Price: $5.17M, or $630.80 psf

Reception No.: 2018006786

Closing Date: 2/1

Grantor: Ponderosa Pine LLC c/o Alberta Development Partners, Donald G. Provost, mgr.

Grantee: Promenade Shops LLC, Paul Zueger, mgr., 70 S. Potomac St., Aurora

Comments: Mark Ruble and Jamie Medress of Marcus & Millichap listed the property and Chris Zueger of PBZ Properties represented the buyer. The tenants include Chase Bank, Sprint and SuperCuts.

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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