Pinnacle Announces the Sale of 820 New Memphis Court in Castle Rock

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 820 New Memphis Court located in Castle Rock, CO. The 7,560 square foot building sold for $4,175,000 or $552 per square foot. The property is leased to Tokyo Joe’s and Health Images. Rob Edwards and Tom Ethington, Principals, represented the seller and buyer in the transaction.

“We received a lot of interest in this property given its strategically located at the entrance to the Promenade at Castle Rock, which consists of over one million square feet of retail space,” stated Ethington. “The seller was pleased in our ability to source a local 1031 exchange buyer who was willing to close quickly.”