Pinnacle Announces the Sale of Standley Lake Professional Buildings – Arvada, CO
Posted on January 12, 2019
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of Standley Lake Professional Buildings located at 8721, 8723, 8725 Wadsworth Blvd, Arvada, CO. This three-building office medical complex consisting of approximately 14,692 square feet sold for $1,800,000 or $122.52 per square foot. Eric Shaw, Senior Advisor, represented the seller in the transaction.
“This property was sold to a local investor who was attracted to the property because of its below market rents and its future potential. It was 100% leased at the time of sale. Buyer plans to make significant renovations to the property,” stated Shaw.