Sale Transaction

NavPoint Real Estate Group Sells 18,541 SF Multi-Tenant Office Investment Asset in Castle Pines for $4,500,000

By October 1, 2019 No Comments

Castle Pines, CO – NavPoint Real Estate Group is pleased to announce it has completed the sale of Ponderosa Pines, a Multi-Tenant Office Investment Asset located at 7505 Village Square Drive in the growing, affluent community of Castle Pines, Colorado.

Situated in Village Square Center, this building has easy access to I-25 via Castle Pines Parkway and is located just minutes from DTC, Lone Tree, Centennial Airport, Inverness/Meridian, and Castle Rock.

Built in 2000, this attractive, well-maintained building is currently occupied by a diverse tenant base including medical, financial, insurance, and real estate businesses. The building offers tenants a professional image, ample parking, professional landscaping, and views of Colorado’s Front Range from westerly facing units.

According to Witt, “The property is a high-quality, suburban office asset located in a rapidly growing submarket. This rapid growth factor, along with high occupancy and impeccable condition of the building helped generate strong interest in the property from a wide variety of local and national buyers.”

John Witt, Ian Elfner, and Charlie Davis of NavPoint Real Estate Group represented the seller, M&C Investments, in this transaction. The buyer, Crown Mount, LLC, was represented by Mike Carter.

“Both parties involved in the transaction are knowledgeable real estate investors which helped the transaction move along quickly and smoothly,” said Elfner. “Both were a pleasure to work with.”

This transaction successfully closed in September 2019.