NavPoint Real Estate Group Facilitates $13.5M Sale Of Medical Facility In Castle Rock
1055 South Perry Street
$13,500,000
$470/SF
Building Size
28,704 SF
Asset Type
Medical Office
Closing
Feb 15, 2024
AI
The sale involved a Class A medical rehabilitation facility located at 1055 Perry Street in Castle Rock, Colorado. The transaction, facilitated by NavPoint Real Estate Group, saw the property being acquired by JTLC CR CO LLC from C.R.H.I. LLC for $13,500,000. The medical office sits on 2.3 acres of land and spans approximately 28,704 square feet. The price per square foot was $470.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $13,500,000
- Address: 1055 Perry Street
- Market: Castle Rock, CO
- Asset Type: Medical Office
- Acres: 2.3
- SF: 28,704
- PPSF: $470
- Buyer: JTLC CR CO LLC
- Seller: C.R.H.I. LLC
- Brokers: Matt Call & Matt Quinlan - NavPoint Real Estate Group
The off-market sale of 1055 Perry Street was made possible by the efforts of Matt Call and Matt Quinlan from NavPoint Real Estate Group, who represented the respective parties, JTLC CR CO LLC and C.R.H.I. LLC, in the transaction.
Players
Castle Rock Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93