Robert Khodadadian In The News Former telecom exec sells 132-acre ranch in Colorado

A family ponied up nearly $8 million to essentially become the rock of Castle Rock.

The anonymous buyer purchased a 132-acre ranch in the Colorado community from former TW Telecom executive John Blount for $7.8 million, the Denver Post reported. Blount purchased the property in the town — 30 miles from Denver — for $3.3 million in 2007, seven years before Level 3 Communications acquired TW Telecom for $5.7 billion.

Blount listed the property for $8.5 million in June. The buyer went into contract to purchase the home in a matter of days. The sale closed at the end of August at a record amount for Castle Rock.

A fascinating feature for such a large ranch is how it’s situated in the center of Castle Rock. That wasn’t the case when Blount purchased it, but today, it takes on the status of an oasis in the middle of a thriving community, complete with thousands of pine trees and an Aspen grove.

The ranch has a 10,000-square-foot mansion, breaking down the deal to $748 per square foot. The home has six bedrooms and eight bathrooms, while the property also has a guest house, pool, tennis court, hot tub and skeet shooting range.

Read more

LIV Sotheby’s International Realty’s Elaine Stucy held the listing. Compass’ Josh O’Connell represented the buyers, a family that plans to live there while stabling their horses and grazing a herd of cattle.

Since the start of the pandemic, ranches have been enticing America’s wealthiest homebuyers, beckoning those interested in sprawling properties and a more rustic lifestyle. Ranch brokerage Hall and Hall closed $1 billion in sales in 2020, then proceeded to more than double that the following year.

This month, a 600-acre ranch in south Texas was listed for $2.4 million, the first time the property has hit the market since the late 19th century. It’s been owned by the same family since 1840, tracing its lineage back to the Texas Revolution.

— Holden Walter-Warner

The post Former telecom exec sells 132-acre ranch in Colorado appeared first on The Real Deal.

The Real Deal Uncategorized, Colorado, Denver, Luxury Real Estate, Ranch A family ponied up nearly $8 million to essentially become the rock of Castle Rock. The anonymous buyer purchased a 132-acre ranch in the Colorado community from former TW Telecom executive John Blount for $7.8 million, the Denver Post reported. Blount purchased the property in the town — 30 miles from Denver — for $3.3
The post Former telecom exec sells 132-acre ranch in Colorado appeared first on The Real Deal. 

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

Manhattan, Commercial real estate, Sales, Property value, Investment, Property management, Real estate brokers, Tenant leasing, Rent roll, Building inspections, Due diligence, Zoning regulations, Title searches, Environmental assessments, Building codes, Market analysis, Property tax, Financing, Property appraisal, Lease negotiations, Landlord representation, Tenant representation, Net operating income, Cap rate, Cash flow, Commercial mortgage-backed securities, Appraisal value, Property redevelopment, Site selection, Leasehold improvements, Commercial property management, Lease agreements, Commercial property inspections, Tax incentives, Historic tax credits, Energy efficiency, Building amenities, Commercial property marketing, Lease renewals, Tenant retention, Property insurance, Escrow services, Closing costs, Commercial property auctions, Opportunity zones, Real estate investment trusts (REITs), Property ownership structure, Building maintenance, Real estate market trends, Property listing services, Site plans, Common area maintenance fees, Asset management, Exit strategies, Lease options, Property surveys, Site feasibility studies, Economic incentives, Equity financing, Debt financing, Property tax assessments, Building permits, Commercial property development, Subleasing, Short-term rentals, Lease buyouts, Tenant improvements, Lease assignments, Commercial tenant screening, Tenant credit analysis.