Investor nabs Castle Rock retail center for $619 per square foot

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Douglas County

Property Location: 830 New Memphis Court, Castle Rock

Property Description: 5,732-sf retail strip-center, YOC 2016, brick

Land Size: 37,462 sf

Sales Price: $3.55M, or $619.33 psf

Reception No.: 2018041051

Closing Date: 7/5

Grantor: Skyline Locust LLC, c/o Alberta Development (Donald G. Provost, mgr.)

Grantee: North Dakota Holdings LLC (Paul J. Zueger, mgr.), 303-596-0566

Comments: Listed by Matthew Henrichs, Bradley Lyons & Parker Brown of CBRE. Tenants include Mattress Firm and Vitality Bowls and is 100% occupied, with a going-in cap rate of 6.44%. See APN: 2351-274-04-018.

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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