Rob Edwards and Tom Ethington, Senior Advisors at Pinnacle Real Estate Advisors, LLC, are pleased to announce the sale of Oakwood Park 2 located at 2 Oakwood Park in Castle Rock, Colorado.  The building is 7,239 square feet and has four tenants.

The sale closed on June 24th, 2015 and traded for $1,625,000 or $224 per square foot. Rob Edwards and Tom Ethington represented the seller in the transaction.

“Investor activity in Castle Rock is at an all-time high. The Town’s strong real estate fundamentals and decreasing vacancy rates helped us sell the 100% occupied office building for list price.  The Buyer was originally drawn to invest in Castle Rock because of the high quality of life (4th Best Place to Live in America – Money Magazine) and the high median income (6th highest in the nation – Sentier Research).  This transaction represents our second sale of a 100% occupied office building in Castle Rock in the last month.” stated Edwards.