October 26, 2022
Announcing the Sale of 4721 Industrial Way in Castle Rock, CO
Denver, CO – October 26, 2022 – Madison Commercial Properties is pleased to announce the sale of 4721 Industrial Way in Castle Rock. The 3,893 SF freestanding Day Care facility, occupied on a long term basis by HighPointe Academy, sold on October 21, 2022 for $3,550,000 or $414/SF and 5.27% cap rate.
Nick Jurgens and Brian Costello, Managing Partners with Madison Commercial Properties represented the local, 1031 buyer in the transaction.
“Our clients were attracted to the A+ location and absolute NNN lease structure of the deal, which will allow them to remain hands-off while collecting passive income as HighPointe Academy continues to thrive,” stated Nick Jurgens, Managing Partner with Madison Commercial Properties.