Master Magnetics has cashed out of its Castle Rock manufacturing plant at 1211 Atchison Court in a sale-leaseback deal, according to industry reporting, while keeping its operations right where they are. The roughly 99,000-square-foot facility on about 5.4 acres south of Denver reportedly traded this week for a price described as close to twice what the company paid in 2018, with Master Magnetics now set to remain as a tenant while the new owner collects rent.
As reported by CoStar on April 8, the transaction closed as a sale-leaseback that pushed the price well above the 2018 purchase figure. The outlet framed the deal as one more example of investors piling into stabilized industrial properties along the Front Range, where long leases and steady tenants are still a hot commodity.
According to NavPoint Real Estate Group, the buyer is Singletree Land Company, LLC, and NavPoint principals Matt Call and Jeff Brandon handled the transaction. In a March 20 announcement, NavPoint described the property as a roughly 99,000-square-foot Class A industrial building that is fully leased to Master Magnetics on a long-term basis.
The property had been marketed with an asking price in the mid-$10 million. A commercial listing showed a $14.5 million offering, a 6.5% cap rate and a 5.42-acre site with multiple dock doors. LoopNet carries the offering details along with the NavPoint brokers attached to the listing.
Public records show the site last traded in April 2018 for $7.9 million, making the reported 2026 pricing a substantial gain over eight years. Douglas County sales data lists the April 4, 2018, sale and parcel information for 1211 Atchison Court. Douglas County records reflect that earlier transaction.
Why Buyers Are Still Chasing Denver Industrial
Investors continue to target single-tenant industrial assets in the Denver metro area, where steady absorption and limited new small-bay supply have tightened the market in recent years. CBRE reported positive net absorption and moderating vacancy in late 2025, a combination that tends to reward properties already locked into long-term leases.
NavPoint has framed the Castle Rock sale as another sign of that demand, saying the deal “underscores continued investor interest” along the Front Range. NavPoint highlighted the long-term lease to Master Magnetics and the asset’s Class A profile, while CoStar zeroed in on how the reported price stacks up against the much lower 2018 sale figure.
