New restaurant proposed with sale of Augustine Grill

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Douglas County

Property Location: SWC Sixth & Wilcox streets, 519 Wilcox St., Castle Rock

Property Description: 1,776-sf restaurant, YOC 1902, frame, & 565-sf storage building (land value)

Land Size: 14,024 sf

Sales Price: $1.19M, or $84.78 psf

Closing Date: 2-23

Reception No.: 2018011016

Grantor: Augustine Grill LLC, Michael & Anna Linney, mgrs.

Grantee: Wasson Family Holdings LLC, Andrew Wasson, Rachel Wasson & Dean Wasson, mgrs.

Financing: $2.67M (construction loan) payable to MidWestOne Bank, SBA – Centerville, MN

Comments: The restaurant closed Dec. 23, and the new owner will maintain the original Victorian structure and add an additional 3,500 sf. The new restaurant, named “Wild Blue Yonder Brewing,” is scheduled to open this summer.

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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