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Baseline Property Group Acquires 450 Acre Single Family Property In Edwards, CO For $40M

Property Image
SOLD
$40,000,000
Malia Cox Nobrega
Barbara Gardner Scrivens
Robert Levine

Colorado

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Single Family Residence
Sold 11/30/2022
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Property Image
SOLD

Baseline Property Group Acquires 450 Acre Single Family Property In Edwards, CO For $40M

2400 Casteel Creek Road

See Similar Deals
Single Family Residence
Sold 11/30/2022
Malia Cox Nobrega
Barbara Gardner Scrivens
Robert Levine
the dealplayerscompscontact
Contact now

Summary

COLORADO
Asset Type:Single Family Residence
Transaction Type:Sale

The single-family property located at 2400 Casteel Creek Rd in Edwards, CO has been sold for a price of $40,000,000. Spanning across 450 acres, this property offers a spacious and expansive living space. The transaction took place on November 30, 2022, with Baseline Property Group as the buyer and Robert Levine as the seller.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $40,000,000
  • Address: 2400 Casteel Creek Rd, Edwards, CO
  • Market: Edwards, CO
  • Acres: 450

Malia Cox Nobrega and Barbara Gardner Scrivens from LIV Sotheby’s International Realty served as the brokers for this transaction, representing both the buyer and the seller. Their expertise and knowledge in the real estate industry facilitated the smooth completion of this deal.

Players

Malia Cox Nobrega
Sotheby's International Realty
Malia Cox Nobrega
1 deal$40M volume(970) 977-1041
BROKER
Barbara Gardner Scrivens
Sotheby's International Realty
Barbara Gardner Scrivens
1 deal$40M volume(970) 471-1223
BROKER
BG
Baseline Property Group
BUYER
Robert Levine
Urban Standard Capital
Robert Levine
28 deals$257.7M volume
SELLER

Details

SOLD
IMAGE: Malia Cox Nobrega & Barbara Gardner Scrivens DATE: 11/30/2022 ADDRESS: 2400 Casteel Creek Rd MARKET: Edwards, CO ASSET TYPE: Single Family ~ ACRES: 450 BUYER: Baseline Property Group SELLER: Robert Levine BROKERS: Malia Cox Nobrega & Barbara Gardner Scrivens - LIV Sotheby’s International Realty SALE PRICE: $40,000,000

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

$2,133,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$142,111.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$189,620.41
Annual Debt Service$2,275,444.88