Promenade retail building snagged for $6.45 million

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Douglas County

Property Location: 6360 Promenade Road, Castle Rock

Property Description: 11,195-sf, five-tenant retail center, YOC 2017, masonry construction

Land Size: 1.22 acres

Sales Price: $6.45M, or $576.15 psf

Reception No.: 2018053727

Closing Date: 8/30

Grantor: Adam’s Needle (Promenade Castle Rock, Alberta Development, Don Provost)

Grantee: 6360 Promenade LLC (Michael W. Evans, mgr.), Castle Rock

Financing: Cash

Comments: This property was listed by CBRE, Brad Lyons & Matthew Henrichs, with MidiCi-Neapolitan Pizza, Club Pilates-Castle Rock, Berry Blendz, A-Line Boutique & Verizon.

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.

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