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Castlewood Equestrian Center

Franktown , Colorado | Douglas County | 188 Acres

$7,250,000
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Property Information

Castlewood Equestrian Center is a comprehensive boarding and training facility that spans 188 acres just west of Franktown, Colorado. With permits for 130 horses, the property features extensive amenities, including a large indoor stall barn with 44 heated stalls and an attached indoor riding arena. The remaining horses are housed in covered outdoor stalls with runs or loafing sheds with paddocks. Additional facilities include turnout pens, pastures, a large shop, hay storage, round pens, sheds, and tack rooms. Professionally managed, the center is modern and well-maintained, offering both indoor and outdoor riding options. The property also adjoins the Cherry Creek Trail system and Mesa Buttes open space, providing unlimited trail riding opportunities. A tastefully remodeled home on-site completes the property.

Castlewood Equestrian Center offers a comprehensive boarding and training facility that spans 188 acres, both indoor and outdoor riding options, permits for 130 horses this property features extensive amenities.
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LOCATION
The properties are in Douglas County, Colorado which is well known as a horse community. The facility and housing are just off the junction of State Highway 86 and 83, making it convenient for horse owners. Every amenity including restaurants and shopping are within minutes.

ACREAGE AND DESCRIPTION
The acreage consists of four parcels, three of which are contiguous (Castlewood parcels) and one that is non-contiguous and accessed via Walker Road (Walker Road parcel).  The three Castlewood parcels consist of a total of 151 acres with all most of the working facilities on 81 of those acres. The two additional parcels of 40 acres and 30 acres are preserved under a Conservation easement.  The Walker Road parcel, 36.8 acres contains a home and additional equestrian facilities, including an outdoor arena, barn with oversized stalls and pastures.  Acreages are covered with native grasses and dotted with mature trees and shrubs.

OPERATIONS
The facility itself is a long-established boarding facility in the area, with a great reputation. They always have a waiting list for new boarders. The Manager, who lives on site, has been there for 8 years and has a great rapport with the boarders.  The Ranch foreman is also a key employee and lives on site at the Walker Road house. Expert care and feeding schedules are a priority to maintain a safe and healthy environment for the horses and riders.  It is a profitable facility, very well maintained and horse safety and wellness are key.  There are also trainers who work on site with the boarders.  With the ability to board 130 horses and great management, the facility has a comfortable profit margin while providing premium care for horses and their owners.

IMPROVEMENTS
Castlewood Parcel:
Horse Arena and Indoor Stall Barn
– 27,000 sf under roof, heated, insulated 80’ x 210’ indoor area with excellent footing.  44 matted stalls with automatic waters and corner tack lockers in each stall.  Wash racks with hot water, veterinary stall and shoeing areas.  In the center of the barn is the Managers Office, two restrooms and a cafe/lobby/viewing room.  A nice patio area adjacent to the stalls, arena and lobby area compliments the comfortable main facility.
Manager Residence – 3,144 finished square feet on two levels with decks, patio and attached 3 car garage.  The home was tastefully remodeled in 2014 by the current owners. All rooms are spacious, and include 4 bedrooms, 3 baths, sunroom, covered patio with a built-in Jenn Air grill.  The kitchen has top of the line appliances, cabinets, granite countertops and a copper sink.
Equipment Shop & Hay Storage –This building is 6,867 square feet with 16’ story height.  The building stores semi-truck loads of bagged shavings, grass and alfalfa hay, equipment and has a workshop. It also has 2 - one bedroom efficiency apartments.
Storage Shed – 720 sf with a quarantine pen
12 Loafing Sheds with pens – 1440 sf each
Secondary Equipment Building – 1500 sf
Three Shed Row barns with 36 covered stalls with 12’ x 24’ runs
28 turn out pens – measure 24’ x 36’
Double sided outdoor arena – measures 200’ x 300’
Numerous rotational pastures with shelters
Three Round pens

Walker Road Parcel:
The parcel consists of 36.8 acres and a 3,356 square foot home.  The property has a 5-stall horse barn with 12’ x 16’ stalls with runs. There are 5 paddocks with shelters and an outdoor arena. The property has good pasture areas, with shade for grazing.  This property can be accessed via a side UTV road from the main facility.  The well on this property (Permit 043159-F is drilled to 460 feet with a static level of 189 feet and rated at 15 gallons per minute.  It is a metered well.

WILDLIFE AND RECREATION
The property adjoins and has direct access to the Cherry Creek Trail system and Mesa Buttes open space offering unlimited trail riding for the boarders.  Deer and a multitude of birds and fowl frequent the area.

WATER RIGHTS AND RESOURCES
For Tax Parcel # 2349-331-00-001, 30.07 acres: 2-acre feet per year of groundwater from the Lower Dawson Aquifer.  For Tax Parcel 2349-342-00-001, 40.02 acres: 1 acre foot per year of groundwater from the Lower Dawson Aquifer. The well on the 81 acres that services the facility the Permit # is 042642-F.  It is drilled to 490’ and static level is 200’ with a production rate of 15 gallons per minute.

PRICING
Castlewood Equestrian: $5,395,000
Walker Road Ranch  $1,855,000