Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1423 Race Street located in Denver, CO. The 5,338 square foot office building sold for $1,725,000 or $323 per square foot. Kevin Calame, Principal, represented the buyer, George Wolf Memorial Trust and seller, Dave Chvosta in the transaction.

“The seller saw a terrific opportunity to take advantage of the equity that has been built in 1423 Race and trade into a local retail deal with lower management and over 200 basis points higher return on his equity,” stated Calame.