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7505 Village Square Drive | Castle Pines, Colorado 80108O F F E
R I N G M E M O R A N D U M
Presented by
CAP RATE7.02%
SALE PRICE $4,650,000
NOI$326,581
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Ponderosa Pines Building
OFFERING SUMMARY
NavPoint Real Estate Group is pleased to offer this attractive
two story Multi-Tenant Office asset located in the growing,
affluent community of
Castle Pines, Colorado. Situated in Village Square Center, this
building has easy access from Castle Pines Parkway at Village
Square Drive.
It is located just minutes to DTC, Lone Tree, Centennial
Airport, Inverness/Meridian and Castle Rock.
Built in 2000, this attractive, well maintained building
provides tenants a professional image with ample parking for their
clientele. Westerly facing units
enjoy spectacular views of Colorado’s Front Range.
The property has is 18,541 RSF and is currently occupied by nine
tenants. It has an annual net operating income of $326,581.
CAP RATE7.02%
SALE PRICE $4,650,000
NOI$326,581
OCCUPANCY96.36%
TENANTS9
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Executive Summary 5
Address: 7505 Village Square Drive
City: Castle Pines
County: Douglas
Building Size: 18,541 RSF
Site Size: 1.355 Acres
Zoning: CTY - Incorporated Areas
Building Type: Office
Year Built: 2000
Parking 4.7/1,000 SF
Occupancy: 96.36%
Sale Price: $4,650,000
Price Per RSF: $250.80
CAP Rate: 7.02%
OFFERING HIGHLIGHTS
New HVAC (2014) and Roof (2015) with transferrable warranty on
roof
Attractive, well maintained physical asset with professional
landscaping and ample parking
Located in Castle Pines, a highly desirable area with an
expected growth rate of over 10% in the next 5 years
Highly educated population with 66.93% holding a bachelors
degree or greater and an average income of $185,392 in a 3 mile
radius
Easy access to I-25 at Castle Pines Parkway for a quick commute
to Denver or Castle Rock
Shopping, Banks, Restaurants within walking distance
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Ponderosa Pines Building
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DenverAurora
DenverTech Center
Castle Rock
✹Property
Lincoln StationPark and Ride
1 Mile
3 Miles
5 Miles
The City of Castle Pines is located just a few miles south of
the junction of C/E-470 and I-25 and less than a half hour south of
Denver, Colorado. Denver International Airport is only 40 minutes
away and the Rocky Mountains, along with the spectacular 14,000
foot peaks and numerous ski areas, are within 50-70 miles.
Easy access to Downtown Denver puts world-class entertainment at
your fingertips: the Pepsi Center (Denver Nuggets Basketball and
Colorado Avalanche Hockey), Mile High Field (Denver Broncos
Football), Coors Field (Colorado Rockies), and the LoDo
entertainment district are all a quick trip away.
Downtown Castle Rock is seven miles south and The Promenade at
Castle Rock, The Outlets at Castle Rock and The Centura Adventist
Hospital are less than five miles south.
Castle Pines offers convenient proximity to RTD light rail
service. The Lincoln Station is only seven miles north, an
additional station further south at Sky Ridge is expected to open
May 2019, which will bring the service closer to the Castle Pines
community.Source: www.castlepinesgov.com
Area Map
Castle Pines
DenverInternational
Airport
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Executive Summary 7THE TENANTS
The Ponderossa Pines Building is 96.36% leased to a diverse
tenant base providing stabilized cash flow to an investor upon
acquisition.
The rent roll is comprised of nine tenants including medical,
financial, insurance and real estate businesses.
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Exclusively marketed by:
7505 Village Square Drive | Castle Pines, Colorado, 80108
NavPoint Real Estate Group 3740 Dacoro Lane, Suite 200 Castle
Rock, CO 80109 720.420.7530 navpointre.com
Multi Tenant Office Investment
Contact
Ian ElfnerBrokerage ServicesCell 414.559.6000Office
[email protected]
Charlie DavisBrokerage ServicesCell 303.819.8075Office
[email protected]
John WittPartner - Brokerage ServicesCell 303.748.8390Office
[email protected]
