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NavPoint Real Estate Group Facilitates $13.5M Sale Of Medical Facility In Castle Rock

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SOLD
$13,500,000
Matt Call
Matt Quinlan

Colorado

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Medical Office28,704 SF
Sold 02/15/2024
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SOLD

NavPoint Real Estate Group Facilitates $13.5M Sale Of Medical Facility In Castle Rock

1055 South Perry Street

See Similar Deals
Medical Office28,704 SF
Sold 02/15/2024
Matt Call
Matt Quinlan
the dealplayerscompscontact
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Summary

COLORADO
Asset Type:Medical Office
Price Per Square Foot:$470
Total Square Footage:28,704 SF
Transaction Type:Sale

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

Matt Quinlan
Matt Quinlan
2 deals$23.9M volume
BROKER
Matt Call
NavPoint Real Estate Group
Matt Call
5 deals$46.6M volume
BROKER

Details

SOLD
IMAGE: Matt Call & Matt Quinlan DATE: 02/15/2024 ADDRESS: 1055 Perry Street MARKET: Castle Rock, CO ASSET TYPE: Medical Office ~ ACRES: 2.3 BUYER: JTLC CR CO LLC SELLER: C.R.H.I. LLC BROKERS: Matt Call & Matt Quinlan - NavPoint Real Estate Group SALE PRICE: $13,500,000 SF: 28,704 ~ PPSF: $470 NOTE: NavPoint Real Estate Group facilitated the off-market sale of 1055 Perry St., a Class A medical rehabilitation facility in Castle Rock, near Denver, for $13.5 million from C.R.H.I. LLC to JTLC CR CO LLC.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash-on-Cash Return-1.27%
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