Small office building commands large price in ‘hot’ Castle Rock market

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Douglas County

Property Location: 509 N. Wilcox St., Castle Rock

Property Description: 7,480-sf, two-story office building, YOC 1968, masonry

Land Size: 12,600 sf

Sales Price: $1.69M, or $226.47 psf

Reception No.: 2018053971

Closing Date: 8/31

Grantor: Guaranty Bank & Trust Company, Amy Lovell, EVP

Grantee: 509 Wilcox LLC (Daniel Price, mgr.), 281-891-3682

Financing: $1.36M payable to MidFirst Bank, due 10 years

Comments: This property was listed by Matt Writt, Beth Steeler & David Shirazi of JLL.

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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