Pinnacle Announces Resale of Industrial Property for Second Time in Four Months
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a 5,000 square foot industrial building for $1,000,000 located at 2201 S Kalamath in Denver, Colorado. Jamie Mitchell, Principal, and Paul Nora, Associate Advisor, represented the seller, Albrook Partners LLC, in the transaction.
“Very excited to get this one closed, again! Back in November 2022, we were working with a motivated seller who wanted a quick close, off-market. We brought our buyers who were able to close with cash in 8 days for $680,000. The new owners came in, renovated the property, and listed it with us this past January. Upon bringing it to market, we were able to secure a cash offer from an Owner/User for $50,000 over listing price,” said Paul Nora.