Castle Rock, CO, March 02, 2015 --(PR.com
)-- NavPoint Real Estate Group is pleased to announce the sale of the 60,000 SF Multi-Tenant NNN Lease Retail & Office Investment at 2805-2873 Dublin Blvd & 6455 North Union Blvd in Colorado Springs also known as Cottonwood Square. This retail and office asset is conveniently located off Union and Dublin, 1 mile from Interstate 25 in the Northeast Colorado Springs submarket. Collectively, the asset was 86% leased to a variety of local and regional tenants including Farmers Insurance, Dublin Medical Clinic, Joint Effort Physical Therapy, Kwik-Way Store, and State Farm. The seller was Cottonwood Square, LLC. The purchaser was Beemer Building & Brew, LLC. Matt Call and John Witt of NavPoint Real Estate Group represented the seller. Matt Ritter and Peter Sengelmann of Pinnacle Real Estate represented the purchaser. This transaction successfully closed January 29, 2015 for $7,450,000 or $123.86/SF.
NavPoint Real Estate Group is a comprehensive Commercial Real Estate Services Firm that handles a wide variety of investment and leasing assignments. The company provides a wide array of services including Exclusive Brokerage Representation, Property/Asset Management, Consulting, throughout Colorado and the Western US covering all Commercial Property types. NavPoint brings an experienced team to every assignment that has a broad understanding of the national Commercial Real Estate market while also bringing acute local knowledge to each assignment. The firm is currently involved in the exclusive brokerage, ownership, or management of well over 1,000,000 SF of commercial real estate.