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.