Sale Transaction

Prime Castle Rock Commercial Development Site Trades For $810,000

By July 25, 2014 No Comments

Castle Rock, CO – NavPoint Real Estate Group is pleased to announce the sale of nearly 5 Acres of prime commercial development property. 1185 Auburn Drive in Castle Rock is located at a major traffic arterial near Wolfensberger and Interstate 25. This property has few site requirements, minimizing development costs and allows for a wide variety of uses. The seller was Pacific Investments, LLC., and was represented by Matt Call and Heather Taylor of NavPoint Real Estate Group. The buyer was Daniel Frank owner of Auburn Castle Partners, LLC. This property sold for $810,000 or $3.72 per square foot, on June 18, 2014.

With this most recent sale, NavPoint Real Estate Group has closed over $50,000,000 in sale and lease transactions thus far in 2014. NavPoint Real Estate Group is a comprehensive Commercial Real Estate Services and Investment Firm with office locations in Denver, Castle Rock and Colorado Springs, Colorado. The company provides a wide array of services including Exclusive Brokerage Representation, Property/Asset Management, Consulting, and Investment throughout Colorado and the Western US covering all Commercial Property types. NavPoint brings an acute local market understanding combined with national reach and access to credit tenants and buyers to every client assignment. The firm is currently involved in the exclusive brokerage, ownership, or management or over 1,000,000 SF of commercial real estate covering all property types.