Castle Pines, CO – November 18, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 556 Village Square Ln in Castle Pines, CO.
Principals Kevin Calame and Matt Lewallen (NorthPeak Commercial Advisors) represented the Seller – and Brokers Hunter Schaefer, Jack Sherman, & Dan Hawthorne (NorthPeak Commercial Advisors) represented the Buyer in this transaction.
“NorthPeak was happy to deliver a very smooth in house transaction for two clients looking to exchange into an asset that better fit their needs. The Buyer is excited to transition out of the apartment business and enjoy increased cash flow with hands-off management. The Seller had built up significant equity that he wanted to trade into a larger asset.” – Hunter Schaefer, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Hunter Schaefer at 925-989-8930 or Hunter@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Investment Type: Retail
- Closed Date: November 18, 2021
- Addresses: 556 Village Square Ln | Castle Pines, CO 80108
- Sale Price: $2,135,000
- Total Number of Units: 3
- Total Building SF: 6,000 SF
- Price / SF: $356
- Cap Rate: 7.00%
