Pinnacle Announces Sale of Industrial Outdoor Storage
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a 30,080 square foot industrial outdoor storage asset for $11,425,000 located at 4160 Busch Place in Frederick, Colorado. Peter Sengelmann, Vice President, and Paul Schneider, President represented the seller, Bear Peak Development in the transaction.
“Our marketing process generated significant interest from a wide range of investors. While we received clear feedback on institutional pricing thresholds, we recognized the opportunity to achieve stronger results by targeting private capital. By leveraging our network and positioning the asset strategically, we were able to identify the right buyer and successfully close the transaction in just 92 days at 98% of the list price. The combination of a Fortune 500 tenant and a best-in-class IOS property helped drive competitive interest. This underscores the strength of our process and the continued demand for quality IOS properties,” stated Sengelmann.