695 Jerry St - Office FOR SALE


Castle Rock, CO 80104
$7,200,000 USD
720-528-6308
695 Jerry St, Castle Rock, CO for Sale
$7,200,000 USD
Office - FOR SALE
1/6
null | 8.38% Cap Rate

695 Jerry St
Castle Rock, CO 80104


HIGHLIGHTS

  • High barrier entry infill location in Castle Rock, Colorado, a rapidly growing retail trade area
  • 95.76% leased to a a diverse tenant mix of retail and office with triple-net leases, long term occupancies and contractual rent increases
  • The mix of retail, restaurant and service offerings ensures long-term sustainability for the tenants and drives an consumer base to the Property

OVERVIEW

CBRE, as exclusive agent for Ownership, is pleased to offer the opportunity to acquire 695 Jerry Street (“the Property”), a 24,980 SF mixed-use building and single tenant retail building in the heart of the rapidly growing and affluent Castle Rock, Colorado retail market. 695 Jerry Street totals 24,980 SF and is comprised of a 20,130 SF four-story mixed-use building and a 4,850 SF single tenant restaurant. The property is 95.76% occupied, was built in 1977 (restaurant) and 2008 (mixed-use) and has been well maintained by the current ownership. The Offering provides investors the opportunity to acquire a high-quality neighborhood mixed-use asset in one of the western United States’ top growth markets. 695 Jerry Street benefits from the synergy and traffic volume generated by the adjacent 221-unit multifamily/19,375 SF commercial development and energetic downtown core of Castle Rock. The asset meets all the necessary fundamentals of a viable retail and office destination benefiting from the premier visibility along I-25 with traffic volumes in excess of 122,000+ VPD. The subject property is being offered free and clear of existing debt on an “as-is, where-is” basis.

FOR SALE DETAILS

PRICE

$7,200,000 USD

PRICE/SF

$278 USD /SF

CAP RATE

8.38%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

112

LAND DETAILS

LAND ACRES

1.64 AC

LAND SF

71,438 SF

ZONING

DOD

APN/PARCEL ID

2505-112-04-012

ASK ABOUT THIS PROPERTY

Matt HenrichsCBRE, Inc.More Info
720-528-6308

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Matt HenrichsCBRE, Inc.More Info
720-528-6308

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.