Sold
Sold Price:
$3,550,000
Sold Date:
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.
Want to learn more about this deal?
Contact the Brokers today!
