Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of Ralston Trade Center at 9840 West 59th Place in Arvada, Colorado. The property, a 12,258 SF multi-tenant building on a 1.06 acre site, sold for $968,400 and was fully occupied at closing. Justin Krieger represented the local seller, and Jeff Johnson represented the California 1031 exchange buyer.

“The demand for retail properties in metro Denver remains strong. The low in-place rents and nearby proposed developments created a lot of buyer interest in this property. In addition, the fact that the property was priced just below $1,000,000 also got a lot of attention because it’s getting harder to find multi-tenant retail properties in metro Denver at that price point.” said Justin Krieger, senior advisor at Pinnacle Real Estate Advisors.