Marcus & Millichap Facilitates $4M Sale Of Retail Property Leased To Service Street Auto Repair

A retail property located at 7282 Lagae Road in Castle Pines, CO, has been sold for $4,000,000. The asset spans 4,488 square feet, resulting in a price per square foot of $891. The property is net-leased to Service Street Auto Repair under a 20-year absolute triple-net lease.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,000,000
• Square Footage: 4,488
• Price Per Square Foot: $891
• Address: 7282 Lagae Road
• Market: Castle Pines, CO

The transaction was facilitated by brokers Drew Isaac and James Rassenfoss from Marcus & Millichap, representing the seller, an Arizona-based developer, and the buyer, a Colorado-based private investor.