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4995 Factory Shops BLVD, Ca...

Castle Rock Property Sold For $2.5M With Seller's Reps Drew Isaacson And Ian Hicks
SOLDRetail

Castle Rock Property Sold For $2.5M With Seller's Reps Drew Isaacson And Ian Hicks

4995 Factory Shops BLVD, Castle Rock...

$2,500,000

Building Size

Asset Type

Retail

Closing

Nov 19, 2023

AI

A restaurant building located at 4995 Factory Shops Blvd in Castle Rock has been sold. The transaction amount was $2,500,000, with the property occupied by Buffalo Wild Wings. The asset encompasses indoor and outdoor seating areas along with VIP spaces.

Summary of transaction details:

  • Property Type: Restaurant
  • Transaction Amount: $2,500,000.00
  • Price per Square Foot: $399.46
  • Address: 4995 Factory Shops Blvd, Castle Rock
  • Market: Castle Rock
  • Seller: Niki Castle Rock LLC
  • Buyer: Undisclosed
  • Seller's Representatives: Drew Isaacson (Eastdil Secured), Ian Hicks (Marcus & Millichap)

Drew Isaacson from Eastdil Secured and Ian Hicks from Marcus & Millichap represented the seller in this transaction. The sale was part of a 1031 exchange.

Players

Drew Isaacson

JLL

Broker

$7.6B

vol

24 deals

Broker

Castle Rock Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93