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
Castle Rock Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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