Justin Krieger Sells Two Commercial Buildings on South Federal Blvd in Denver
Justin Krieger, Senior Advisor at Pinnacle Real Estate Advisors, LLC is pleased to announce the sales of 575 South Federal Boulevard and 1225 South Federal Boulevard in Denver, Colorado. 575 South Federal Boulevard, an 1,100 SF automotive building, sold for $348,000 on September 9th. 1225 South Federal Boulevard, a 4,429 SF multi-tenant retail building, sold for $962,500 on September 8th. The single tenant at 575 South Federal Boulevard is on a short-term lease, and the largest tenant at 1225 South Federal Boulevard (occupying the majority of the building) vacated at closing. Both properties sold to the same 1031 exchange buyer in all cash transactions.
“The buyer owns other properties in the area and is very bullish on the South Federal corridor due to new developments, high traffic counts, and population density.” said Justin Krieger.