Pinnacle Real Estate Advisors, LLC is proud to announce the successful sale of a 16,000-square-foot industrial property located at 3950-3960 S Mariposa St, Englewood, Colorado. The transaction, valued at $2,200,000, was facilitated by Peter Sengelmann, Vice President at Pinnacle Real Estate Advisors, who represented the seller in this deal. The small bay industrial property consisted of eight units, all units are 2,000 square feet.

“The seller approached me earlier this year with the goal of divesting this asset and transitioning into a more management-efficient property as part of a 1031 exchange for estate planning purposes. This property had been a long-standing part of the seller’s family portfolio since the 1960s. After listing, we strategically presented the opportunity to a select group of qualified buyers familiar with 1031 exchange requirements. The response was strong, resulting in five competitive offers,” said Sengelmann.