NavPoint Real Estate Group Sells 25,150 SF Industrial/Flex Investment in Castle Rock for $3,575,000
navpoint / March 25, 2021
Castle Rock, CO – NavPoint Real Estate Group is pleased to announce it has completed the sale of 607 & 647 S Gilbert Street, an Industrial/Flex Investment property located just South of Denver in Castle Rock.
This two-building, multi-tenant, industrial/flex complex features recent upgrades, ample parking, and excellent access to Interstate 25. This property also features an ideal location due to its proximity to Downtown Castle Rock offering a variety of retail and restaurant options, as well as easy access to the extensive Castle Rock bike path network.
The seller, B2B Property LLC, was represented by Matt Call and Jeff Brandon of NavPoint Real Estate Group. The buyer, DLD Properties LLC, was represented by David Marulli of Trevey Commercial Real Estate.
“607/647 Gilbert represented a rare stabilized Industrial/Flex investment opportunity in the tight Castle Rock Industrial Market, the investor marketplace responded well to this asset and we received very strong immediate interest in the project with a 1031 exchange investor coming to the table quickly to get the property under contract and close almost without interruption. With the tremendous growth in Douglas County and Castle Rock in the years to come this project will continue to fill a high demand niche for smaller Industrial/Flex tenant space” stated Matt Call of NavPoint Real Estate Group.
This transaction successfully closed in March 2021.
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