Castle Rock, CO – NavPoint Real Estate Group is pleased to announce it has completed the sale of 290.6 Acres of Residential Development Land in Castle Rock, Colorado.
Part of the North Basin Village within the Terrain residential development, these 6 parcels of land total 290.6 Acres and are zoned for up to 200 single and attached residential units. As part of a master-planned community, these lots offer access to community amenities exclusive to residents.
Matt Call of NavPoint Real Estate Group represented the seller, SLV Castle Oaks, in this transaction. The buyer was Stratus Terrain LLC. This transaction successfully closed in May 2020.
“This was a unique opportunity for the buyer to acquire 200 +/- entitled residential lots in Castle Rock where supply has been constrained for the past several years. Even in the midst of the issues involving Covid-19 both Buyer and Seller worked creatively to get this transaction to the finish line. Builder demand has remained strong for residential lots in Douglas County and Castle Rock through the first four months of 2020,” commented Matt Call.