Four Square Properties II LLC Acquires 1609 & 1713 Park Street Industrial Property In Castle Rock For $3.2M
1609 Park Street & 1713 Park Street
$3,200,000
$133/SF
Building Size
12,000 SF
Asset Type
Industrial
Closing
Dec 13, 2023
AI
NavPoint Real Estate Group facilitated the sale of 1609 and 1713 Park St. in Castle Rock, CO. The industrial property was sold by JGC2M LLC to Four Square Properties II LLC for $3.2 million. The property spans 12,000 square feet and has a price per square foot of $267.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,200,000
- Address: 1609 & 1713 Park Street, Castle Rock, CO
- Market: Castle Rock, CO
Jeff Brandon and Matt Call of NavPoint Real Estate Group served as the brokers in this transaction.
Players
Castle Rock Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93