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Local residential developer acquires 10.7 acres in Castle Rock

Douglas County

Property Location: East corner Low Meadow Blvd. & Red Hawk Drive, Castle Rock

Property Description: 98 residential lots

Land Size: 10.7 acres within the 98 lots and 5.71 acres within the three tracts

Sales Price: $3.48M, or $4.86 per sf (gross) & $7.46 per sf (net) & $35,500/lot

Reception No.: 2016065154

Closing Date: 9/19

Grantor: Castle Rock Development, Jim Riley, pres.

Grantee: Century at the Meadows LLC

Comments: Lots 1-16, Block 1; Lots 1-11, Block 2; Lots 1-19, Block 3; Lots 1-12, Block 4; Lots 1-12, Block 5; Lots 1-28, Block 6; Tracts A, B, & D, The Meadows Filing No. 18 12th amendment plat; see 2016061493. The total lots and tracts equate to 16.42 acres.

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.