NavPoint Real Estate Group Blog
3 February 2014 | John Witt | 0 Comments
NavPoint Real Estate Group is pleased to announce a new Allstate Insurance Agency will be opening its doors next month as Bruce Weinroth recently signed a lease for 906 SF of office space at 721 North Wilcox Street in Downtown Castle Rock. This will be the third lease signed for the building in the last 12 months leaving only one 2,500 SF space remaining. John Witt of NavPoint Real Estate Group represented the Landlord in the transaction.
27 January 2014 | Matt Call | 0 Comments
NavPoint Real Estate Group Sells Colorado Springs BBVA Compass Bank Asset within 45 days of going to market
NavPoint Real Estate Group is pleased to announce the sale of 2805 Dublin Boulevard in Colorado Springs, Colorado. The property was sold at a 7.0% CAP rate in mid-January to Balbach Street Properties, LLC for $1,272,500 or $144.20 per SF after only 30 days on the market. The Seller was Terra West, LLC. Matt Call; Principal of NavPoint Real Estate Group represented the Seller in the transaction of the 8,824 SF single tenant triple net leased investment, leased at the time of sale by publicly held BBVA Compass Bank who has occupied the property since 1999. Just months prior to the sale, Matt Call also represented the Purchaser of the surrounding Cottonwood Square Retail/Office Development. Matt Call commenting on the transaction said “We had tremendous activity for this asset with multiple offers within 30 days of going to market, the quality of the tenant, strength of the location and long term tenancy of Compass proved attractive to a number of investors seeking single tenant NNN lease deals”.
8 January 2014 | John Witt & Eric Berger | 0 Comments
Colorado Springs, CO - NavPoint Real Estate Group is pleased to announce that the El Paso County Bar Association recently signed a lease for 2,160 SF of office space at 518 North Chelton Road near the Citadel Mall. The new location provides additional offices and training space that will help them better serve their members. John Witt and Eric Berger of NavPoint Real Estate Group represented the Tenant in the transaction
13 December 2013 | Matt Call & John Witt | 0 Comments
Colorado Springs, CO - NavPoint Real Estate Group is pleased to announce the sale of the nearly 40,000 SF “Research One” Medical Office Building located at 8540 Scarborough Drive in Colorado Springs for $7,650,000. This Medical Office Building is strategically located in the Northeast Submarket between the St. Francis Medical Center and Memorial Hospital. The Class A finishes and location have attracted a high quality mix of medical and professional tenants including North Springs Family Medicine and Urgent Care, Tuttle Family Dentistry, The Shandy Clinic, Skelton Orthodontics, and RidgeView Optometry to name a few. The entire building is comprised of 13 condominium units totaling 42,769 SF and 11 of those units traded in the sale transaction totaling 37,498 SF. This “fractionalized condo” asset created some challenges during the sale process for all parties, but the asset successfully closed on November 22nd. The seller was Research One, LLC, an entity managed by local real estate developer and investor Joe Niebur. The Purchaser was Pensa Nuwind, LLC, a private international investor. Matt Call and John Witt of NavPoint Real Estate Group represented the seller in the transaction.
11 October 2013 | Matt Call & Heather Taylor | 0 Comments
Castle Rock, CO – NavPoint Real Estate Group is pleased to announce the sale of 4.55 mixed use site located at 751 Wolfensberger Road in Castle Rock located roughly 1 mile West of I-25. The property sold for $650,000 or $3.27/SF. The Seller was Niebur Development of Colorado Springs and the Purchaser was Nextop Holdings, LLC, the Purchaser intends to develop the site with a multi-family project. Matt Call and Heather Taylor of NavPoint Real Estate Group handled the transaction.
3 October 2013 | Matt Call & John Witt | 0 Comments
Colorado Springs, CO - NavPoint Real Estate Group is excited to announce the sale of 830 Tenderfoot Hill Road in Southwest Colorado Springs near Lake Avenue and I-25. The building boasts Class A finishes with strong rents from medical and professional tenants. The sale included seven of nine income-production condo units in the building for a total of 19,840 Rentable Square Feet. Matt Call and John Witt represented the seller in the transaction with a final sales price of $2,625,000.
2 October 2013 | Matt Call | 0 Comments
Denver, CO – NavPoint Real Estate Group is pleased to announce the addition of Eric Berger, PMP to the NavPoint Brokerage Services team. Mr. Berger is a Colorado native who attended Colorado State University where he received a degree in Business and Real Estate. Eric has spent the majority of his career in construction management and real estate. Eric will immediately step into myriad assignments at NavPoint Real Estate Group with a specific focus on tenant and buyer representation services in the Southern Colorado market.
2 October 2013 | Matt Call | 0 Comments
NavPoint Real Estate Group is pleased to announce the sale of The Cottonwood Square Project in Colorado Springs, Colorado. The property was sold in September to Cottonwood Square, LLC a local investment group for $5,600,000. The Seller was Union Dublin, LLC. Matt Call of NavPoint Real Estate Group represented the Purchaser in the transaction of the 61,000 SF project (40,000 SF retail center and 21,000 office building). The project was approximately 90% leased at the time of sale. The new owner plans a myriad of capital improvements in 2013 and early 2014. NavPoint Real Estate Group will handle ongoing leasing and management of the project.
16 September 2013 | NavPoint Real Estate Group | 0 Comments
NavPoint Real Estate Group is pleased to announce the following lease and sale transactions throughout the Denver Metro Area:
10 September 2013 | Matt Call | 0 Comments
Castle Rock Industrial/Flex/Retail Project to Break Ground September 16th 2013!