Retail center in Castle Rock Promenade sells for $7 million
Property Location: 4991 Factory Shops Blvd., Castle Rock
Property Description: 11,368-sf retail center, YOC 2016
Land Size: 1.44 acres
Sales Price: $7M, or $615.76 psf
Reception No.: 2017033617
Grantor: White Fir LLC by: Alberta Development, Donald Provost, mgr.
Grantee: 4991 Factory Shops Blvd., LLC
Closing Date: 5/19
Financing: $6.16M payable to Umpqua Bank (85% LTV)
Comments: Listed by Tom Ethington & Rob Edwards of Pinnacle Real Estate Advisors. Property was 100% leased with a going-in cap rate of 5.95%. The six-tenant building includes: MAD Greens, In & Out Smart Repair, Great Clips, Elements Message, Waxing the City, The Joint and Smashburger.
Click Here to Read More – Colorado Real Estate Journal