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Castle Rock investors snaps up Dove Valley warehouse for nearly $293 psf

Denver County

Address or Location: 7759 S. Wheeling Ct., Englewood

Improvements: 25,050-sf industrial building, YOC 2012, concrete

Land Size: 8.744 Acres

Date of Recording: 7/3

Reception No. D7074550

Price: $7.33M, or $292.62 psf

Grantor: BDC II, Craig R. Benes & Chris Reynolds, mgrs., 303-741-4500

Grantee: PTREH LLC, Michael W. Evans, mgr.

Financing: $5.49M, due 7-3-27, payable to Alpine Bank

Comments: See APN: 2075-36-1-10-001, which was listed by Steve Fletcher & Russell Gruber at Knight Knight Frank. The property sold on an in-place cap rate of 7%.

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 Colprop2012@gmail.com.