Pinnacle Announces Purchase of a Best Buy Retail Store in Pueblo, CO

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a $3,250,00.00 Best Buy retail store located in Pueblo, CO. The Best Buy is situated just off I-25 and is shadowed by Dick’s Sporting Goods, Petco, Bed Bath & Beyond and Kohl’s.  Eric Diesch, Peter Sengelmann & John Redfield (SRS Real Estate Partners), represented the Buyer in the transaction “This is our last transaction for the year, and yet probably one of the more interesting deals we have worked on in 2019. This is largely due to the general perception of the trade area and big-box retail market which we believe was understated.  Best Buy’s stock is up nearly 78% in the last year which was a large factor in the decision-making process.  Our client’s interest in this asset was driven by Best Buy’s macro level performance in the overall markets. Special thanks to the SRS Newport Beach team for being great partners.  This marks our 20th for 2019 transaction bringing our sale volume to over $63MM, in 2019 for the Diesch/Sengelmann Team” stated Eric Diesch, Senior Advisor at Pinnacle Real Estate Advisors.