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August 10, 2022
1010 South Interstate 25, Castle Rock, Colorado 80104
DePaul Real Estate Advisors is pleased to announce the sale of 6.46 acres of land located in Castle Rock, Colorado. Jarod Pate at DePaul Real Estate Advisors represented the buyer, an out-of-state investor in a 1031 exchange. The seller is a real estate developer based in Castle Rock, CO. The deal was completed for $2.025 million.
The property is the fee interest in 6.46 acres of land and is subject to a long-term ground lease. The property has frontage on I-25 and is located one and a half miles from an I-25 interchange. It is also located approximately 5 minutes from downtown Castle Rock, a thriving cultural center with many options for shopping, dining, and luxury living.
DePaul Real Estate Advisors is a Denver-based brokerage and investment firm serving investors in commercial real estate and businesses that occupy commercial real estate. DePaulâ€™s businesses include asset sales, leasing, arranging senior secured debt, mezzanine debt, preferred equity, and joint venture equity for existing and to-be-built projects. For more information, please contact Paul DeCrescentis at (303)333-9799 or Jarod Pate at (720)881-2727.