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NavPoint Real Estate Group

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36 Unit Multi-Family Asset Trades For $2.25 Million

36 Unit Multi-Family Asset Trades For $2.25 Million Commerce City, CO - NavPoint Real Estate Group is pleased to announce the sale of the 36 unit, 3 building “Poplar Arms” Multi-Family property located at 5875 Poplar Street in Commerce City for $2,025,000. This Property is conveniently located less than 3 miles to the Shops at Northfield Stapleton, and is in walking distance to Dick's Sporting Goods Park. The asset underwent extensive renovations during the last 5 years, The 36 Unit project is comprised of 34 one bedroom units, and 2 studio units that were100% leased at the time of sale. This investment property successfully closed on March 31st. The seller was Poplar Arms, LLC. The Purchaser was Darrell E. Wagner and Vicki M. Wagner. Matt Call of NavPoint Real Estate Group represented the seller in the transaction.

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Colorado Springs Dental Office Condo Sells

NavPoint Real Estate Group is pleased to announce the sale of suite 210 at 830 Tenderfoot Hill Road, a 3,327 SF dental office condo in Southwest Colorado Springs. John Witt and Matt Call of NavPoint Real Estate Group represented the buyer in the transaction and Nicola Myers-Murty and Randy Miller of Sierra Commercial Real Estate represented the seller.

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Retail/Flex Building in Castle Rock trades for $575,000

Castle Rock, CO - NavPoint Real Estate Group is pleased to announce the sale of the "Napa Auto Parts" building located at 1133 Caprice Drive in Castle Rock. The 5,334 SF Building has excellent visibility along Wolfensburger Road with convenient access to Interstate 25. The building has drive-in access, fenced/secured yard opportunity and is located in a high population growth area. The seller was J&R Pelley, LLC.- owner of Rock Parts Company (Napa Auto Parts). NAPA's expanding business lead them to sell this asset and relocate to a larger building also marketed by NavPoint Real Estate Group, Caprice Commerce Center. Caprice Commerce Center is a Class A industrial/flex/retail space with huge I-25 visibility and over 100,000 vehicles per day at I-25. The purchaser of 1133 Caprice Drive was Timothy Dumler, owner of aircraftclubs. This property successfully closed on February 18th for a purchase price of $575,000.00. National Glass company Binswanger Glass will occupy the property after NAPA vacates recently having signed a 5 year lease. Matt Call of NavPoint Real Estate Group facilitated the transaction.

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50,000 SF of Arvada Industrial building trades for $2.825M

Arvada, CO - NavPoint Real Estate Group is pleased to announce the sale of 6385 &6425 West 52nd Ave in Arvada, Co. 80002. The two buildings are located in Marshall Office Park and total 50,403 SF. This property has excellent visibility from 52nd Avenue and convenient access to I-76. The seller was Beckering Medical, LLC. The purchaser was J.C. Properties, LLC via a 1031 exchange. This asset successfully closed on March 4th, 2014 for a purchase price of $2,825,000 or $56.00/SF. Matt Call and Heather Taylor of NavPoint Real Estate Group represented the seller in this transaction.

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INVERNESS OFFICE CONDO SELLS FOR $790,000

NavPoint Real Estate Group is pleased to announce the following sale transaction in the Inverness Business Park. Haven Business Park, LLC, recently bought 6,724 SF of office space at 82 Inverness Drive East #A1 Englewood, Co 80112. The property sold for $790,000 or $117/SF. This outstanding property is located in the Inverness Business Park with direct access to I-25 via Dry Creek and Arapahoe Road. Matt Call of NavPoint Real Estate Group handled the transaction.

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Allstate Insurance Agency Opening in Castle Rock

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.

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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”.  

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New location for the El Paso County Bar Association

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

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Colorado Springs Medical Office Asset Trades for $7.65 Million

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.

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New Multi-Family Project Planned for Castle Rock

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.

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