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Four Square Properties II LLC Acquires 1609 & 1713 Park Street Industrial Property In Castle Rock For $3.2M
SOLD
$3,200,000
Colorado
See Similar DealsIndustrial24,000 SF
Sold 12/13/2023
SOLD
Four Square Properties II LLC Acquires 1609 & 1713 Park Street Industrial Property In Castle Rock For $3.2M
1609 Park Street & 1713 Park Street
See Similar DealsIndustrial24,000 SF
Sold 12/13/2023
Summary
COLORADO
Asset Type:Industrial
Price Per Square Foot:$133
Total Square Footage:24,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$170,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59
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